Re: Central Bank assessment of fiscal compact
Nice of them to plan how Ireland will pay odious debt into the future. My vote would be that we default towards the end of the tax year in 2015 and start again in 2016.
No better date. We could usefully spend the time between now and 2015 preparing for a structured default.
No one can stop us doing that. It would be a hell of a bargaining chip on the odious debt in itself.
We can be quite open and straightforward about it. Calculate how much crooked banks and bondholders have cost the state and are projected to cost the state and charge the ECB that amount by way of planned structural default in 2015.
Think National. Act Local. Oh- and superstition is just the dark matter of human history.