Socialist Party

The Eurozone is at a tipping point. EU leaders are in disarray and have no clear strategy for resolving the crisis. Fragmentation of the Eurozone could trigger another deep financial crisis and global economic downturn. socialistparty.net analyses the crisis.

Back in February, Enda Kenny said that if elected to government Fine Gael wouldn’t put “another cent” of taxpayers’ money into Anglo Irish Bank. Kenny also said “The junior, and senior, and non-guaranteed bondholders are going to have to pay the price”.   These populist statements and promises were cynically made during an election campaign simply to get votes. Now that he is Taoiseach, Enda Kenny has done another u-turn and is handing over not just a few cent to pay off Anglo’s debts – his government is handing over billions!