Cost of Bank Bailout: €71bn
The decision to pay back bank bondholders has left the National Pension Reserve Fund practically empty. This has privileged private speculators over the needs of Irish pensioners. Such a grotesque decision, when it was taken, reflected the interests of a very narrow and unrepresentative section of Irish society. They are also amongst the wealthiest. The Ballyhea Says No group have recently launched proposals to have this money returned. Read more about their proposals here ...