Clare’s Labour TD says suggestions Ireland should default on it’s bank debt amounts to ‘Puff The Magic Dragon’ economics.
The government will be forced into a Dáil vote tonight on whether to make next month’s repayment of the IBRC promissory notes.
- Advertisement -
The next 3.1billion-euro installment falls due on March 31st and a deal to ease the burden has yet to be struck with the ECB.
Independent TDs have demanded that Ireland does not pay the money, but Deputy Michael McNamara has told the Dáil he feels this simply isn’t an option.
