The Bank Guarantee That Bankrupted Ireland
Posted on November 2, 2013 by Ellen Brown
The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” that was really a holocaust. The British got Ireland’s food exports, while at least one million Irish died from starvation and related diseases, and another million or more emigrated.
Today, ireland is under a different sort of tyranny, one imposed by the banks and thetroika—the EU, ecb and imf. The oppressors have demanded austerity and more austerity, forcing the public to pick up the tab for bills incurred by profligate private bankers.