Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Troika forced Ireland into repaying €1bn AIB bond - Quinn

Ruairí Quinn says the Troika are the only people who will affordably lend to Ireland – so what they say goes.

EDUCATION MINISTER has said that the government was forced to repay €1 billion to the holders of unsecured bonds in AIB because of the insistence of the EU-IMF Troika.

Taking Leaders’ Questions in the Dáil this morning, Quinn said the state of the national finances meant the Troika was the only lender who would give Ireland the money it needed to run its services at an interest rate Ireland could afford.

“We have borrowed, so far this year, €11 billion. €11 billion. For the first nine months of this year. And there’s probably going to be another €4.5 billion,” Quinn told the technical group’s Richard Boyd Barrett.

“There is nobody else in the world that will lend us this money at rates we can afford.

“The terms of the deal that we have – with the only group in town that will lend us the money – is that we cannot burn the bondholders,” he said.

Boyd Barrett had commented that the repayment of the bond, coupled with the continuing debacle over the allocation of primary care centres, was “reminiscent of the Fianna Fáil sleaze you would have denounced a couple of years ago”.

Quinn responded:

You and I share some things in common. We come from the same spectrum of the ideological politics of this country.

Even Leon Trotsky agreed with Lenin when they went into government that a new economic policy was necessary to overcome the crisis before they could get on the path of righteousness.

Quinn had earlier dismissed questions from both Billy Kelleher, representing Fianna Fáil, and Sinn Féin’s Gerry Adams about Reilly’s relationship with the owner of a site in Balbriggan which is being earmarked for the development of a primary care centre.

The site had been “by Deputy Mary Harney when she was minister for health,” Quinn said, to raucous cheers from the government side of the house.

Read: Reilly to give Dáil explanation over primary care centres today

More: AIB to increase mortgage interest rates by 0.5pc

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
102 Comments
    Install the app to use these features.
    Mute Franny Ando
    Favourite Franny Ando
    Report
    Oct 22nd 2021, 6:38 PM

    Tickets to gain entrance to nightclubs this is turning into a right farce. It’s getting beyond ridiculous now.

    325
    Install the app to use these features.
    Mute lelookcoco
    Favourite lelookcoco
    Report
    Oct 22nd 2021, 6:44 PM

    @Franny Ando: No it’s the minimum that should be required given the increase in case numbers. That places are opening at all is a bonus. You need to accept the old ways are gone for now.

    206
    Install the app to use these features.
    Mute JusticeForJoe
    Favourite JusticeForJoe
    Report
    Oct 22nd 2021, 6:44 PM

    @Franny Ando: I know, right?! And who ever heard of being asked to show ID to get in to a nightclub?! It’s madness I tell ya!

    117
    See 23 more replies ▾
    Install the app to use these features.
    Mute Will Roche
    Favourite Will Roche
    Report
    Oct 22nd 2021, 6:47 PM

    @Franny Ando: I wonder if nightclubs who are opening tonight knew about this? If not tonight is going to be a mess.

    27
    Install the app to use these features.
    Mute Franny Ando
    Favourite Franny Ando
    Report
    Oct 22nd 2021, 6:51 PM

    @Will Roche: They just announced it won’t come into effect till Monday.

    20
    Install the app to use these features.
    Mute Tom Bombdadil
    Favourite Tom Bombdadil
    Report
    Oct 22nd 2021, 6:53 PM

    @Franny Ando: there won’t be a single ticket given out. That’s a fact

    18
    Install the app to use these features.
    Mute Franny Ando
    Favourite Franny Ando
    Report
    Oct 22nd 2021, 6:53 PM

    @JusticeForJoe: There’s a bloody big difference asking for I.D and being made by tickets. A covid cert and photo I.d is ample proof. Dont try to be smart because you generally fail abysmally.

    62
    Install the app to use these features.
    Mute Life in no motion
    Favourite Life in no motion
    Report
    Oct 22nd 2021, 6:54 PM

    @Franny Ando: stop your moaning

    57
    Install the app to use these features.
    Mute Franny Ando
    Favourite Franny Ando
    Report
    Oct 22nd 2021, 6:55 PM

    @lelookcoco: A covid cert with photo I.d is more then enough for gaining entry. Tickets are of no benefit whatsoever.

    44
    Install the app to use these features.
    Mute Mac Muinteoir
    Favourite Mac Muinteoir
    Report
    Oct 22nd 2021, 6:55 PM

    @Franny Ando: reminds me of when they announced the new 5 levels of lockdown, and then when they were asked which level we were in, they said “3 and a half”.

    59
    Install the app to use these features.
    Mute Franny Ando
    Favourite Franny Ando
    Report
    Oct 22nd 2021, 6:56 PM

    @Franny Ando: buy

    5
    Install the app to use these features.
    Mute Kevin
    Favourite Kevin
    Report
    Oct 22nd 2021, 6:58 PM

    @Franny Ando:

    I suspect the nightclubs & bars will be closed again within 6 weeks if the current hospitalisation rate continues. The government know this as do NPHET but they had to give a (temporary) concession given how badly affected this industry has been over the past 17 months.

    41
    Install the app to use these features.
    Mute lelookcoco
    Favourite lelookcoco
    Report
    Oct 22nd 2021, 7:01 PM

    @Franny Ando: It’s to facilitate contact tracing. Do you only read the news items that allow you a good moan?

    42
    Install the app to use these features.
    Mute Franny Ando
    Favourite Franny Ando
    Report
    Oct 22nd 2021, 7:01 PM

    @Mac Muinteoir: I lost count of the many variations of lockdown:):)

    16
    Install the app to use these features.
    Mute Paul Mcnevin
    Favourite Paul Mcnevin
    Report
    Oct 22nd 2021, 7:02 PM
    14
    Install the app to use these features.
    Mute Melissa OHara
    Favourite Melissa OHara
    Report
    Oct 22nd 2021, 7:04 PM

    @Franny Ando: they say the tickets are for contract tracing but sure how are they going to know who is a close contact in a nightclub?! Also everyone has to be vaccinated anyway and when you are vaxed and a close contact it makes f all difference because you just go about you life as normal.

    47
    Install the app to use these features.
    Mute Franny Ando
    Favourite Franny Ando
    Report
    Oct 22nd 2021, 7:18 PM

    @Life in no motion: Oct 22nd was when most restrictions were to be removed. A plan should have been in place well before 7pm on the 21st. A plan for reopening and a secondary plan if they had concerns about numbers. But that would require actual competent ministers something most have known for a long time are in extremely short supply. All the plans put in place by these venues after 22 months all gone skew ways.

    34
    Install the app to use these features.
    Mute Hugo Bugo
    Favourite Hugo Bugo
    Report
    Oct 22nd 2021, 7:21 PM

    @lelookcoco: no we don’t have to accept anything of the sort, not all of us roll over so easily

    35
    Install the app to use these features.
    Mute Hugo Bugo
    Favourite Hugo Bugo
    Report
    Oct 22nd 2021, 7:22 PM

    @lelookcoco: contact tracing, lol, so you’re still trying to contain it, good luck with that

    21
    Install the app to use these features.
    Mute Cian
    Favourite Cian
    Report
    Oct 22nd 2021, 7:26 PM

    @lelookcoco: surely your a troll there actually can’t be people with this view point is there? How unworkable the ticket system is. how are small Family run nightclubs going to set up this online ticketing service? Without having to pay an external company.

    28
    Install the app to use these features.
    Mute lelookcoco
    Favourite lelookcoco
    Report
    Oct 22nd 2021, 10:34 PM

    @Cian: No Cian. I’m not a troll. I’ve been commenting here for 7+ years. Family run nightclubs? Where do you live, the Aran Islands?

    14
    Install the app to use these features.
    Mute Robert Clifford
    Favourite Robert Clifford
    Report
    Oct 23rd 2021, 1:09 AM

    @lelookcoco: People like you should be put in the stocks.

    4
    Install the app to use these features.
    Mute SmallbutMighty
    Favourite SmallbutMighty
    Report
    Oct 23rd 2021, 9:11 AM

    @Cian: event brite is free and you can set up an account in about 2 minutes. I sincerely hope that if someone can run a nuteclub they can manage the Internet.

    5
    Install the app to use these features.
    Mute SmallbutMighty
    Favourite SmallbutMighty
    Report
    Oct 23rd 2021, 9:14 AM

    @Hugo Bugo: thought you had given up on the Journal after your dramatic that’s it I’m leaving last week. Didn’t last long before you’re back moaning.

    6
    Install the app to use these features.
    Mute Maria Clery-Breen
    Favourite Maria Clery-Breen
    Report
    Oct 23rd 2021, 9:47 AM

    @Kevin: thinking the same thing ,,,they should not have opened them .

    4
    Install the app to use these features.
    Mute JusticeForJoe
    Favourite JusticeForJoe
    Report
    Oct 23rd 2021, 9:15 PM

    @SmallbutMighty: Ahahahaha he didn’t say that, did he? Raging I missed that. No need to announce your departure, Hugo, it’s not an airport.

    1
    Install the app to use these features.
    Mute Jacqui Curtis-owens
    Favourite Jacqui Curtis-owens
    Report
    Oct 22nd 2021, 7:25 PM

    Watch this space….bye bye Christmas

    105
    Install the app to use these features.
    Mute Stuart Birney
    Favourite Stuart Birney
    Report
    Oct 22nd 2021, 7:32 PM

    @Jacqui Curtis-owens: We heard you the first time!

    5
    Install the app to use these features.
    Mute Hugh
    Favourite Hugh
    Report
    Oct 22nd 2021, 7:35 PM

    These cl0wns are in charge of an €86 billion budget. Let that sink in

    96
    Install the app to use these features.
    Mute Garreth mc mahon
    Favourite Garreth mc mahon
    Report
    Oct 22nd 2021, 8:40 PM

    @Hugh: I’m more worried about the 200 billion defecit

    26
    Install the app to use these features.
    Mute Aranthos Faroth
    Favourite Aranthos Faroth
    Report
    Oct 22nd 2021, 10:00 PM

    @Hugh: jaysus sure if you’re so confident why haven’t you gone into politics? Or you just like judging but not actually doing anything?

    17
    Install the app to use these features.
    Mute Ian O Hara
    Favourite Ian O Hara
    Report
    Oct 22nd 2021, 7:02 PM

    Dancing maskless, boom covid controlled…….

    44
    Install the app to use these features.
    Mute JMcB
    Favourite JMcB
    Report
    Oct 22nd 2021, 6:53 PM

    Hand sanitisers on every table is not a bad thing IMO

    40
    Install the app to use these features.
    Mute Mark
    Favourite Mark
    Report
    Oct 22nd 2021, 6:55 PM

    @JMcB: until fellas started drinking it hahahah they’ll be blind as bats

    75
    Install the app to use these features.
    Mute Stuart Birney
    Favourite Stuart Birney
    Report
    Oct 22nd 2021, 7:29 PM

    @Mark: Bat’s aren’t blind Mark but nice try!

    9
    See 2 more replies ▾
    Install the app to use these features.
    Mute FrustratedASDMum
    Favourite FrustratedASDMum
    Report
    Oct 22nd 2021, 9:56 PM

    @JMcB: Jesus, never thought of that. You just know there are going to be knob heads in pubs and clubs this weekend who will drink some ‘for a laugh’ and end up wasting time & resources in A&Es around the country after poisoning themselves.

    6
    Install the app to use these features.
    Mute Robert Clifford
    Favourite Robert Clifford
    Report
    Oct 23rd 2021, 1:34 AM

    @Stuart Birney: I’d say you’re a real hoot at parties.

    5
    Install the app to use these features.
    Mute Rochelle
    Favourite Rochelle
    Report
    Oct 22nd 2021, 8:03 PM

    I mean I get why there’s so much red tape but the amount of protocol and fuss would really put me off going out at all.

    25
    Install the app to use these features.
    Mute Seymour business
    Favourite Seymour business
    Report
    Oct 22nd 2021, 7:57 PM

    This all makes sense to me, at least the effort to protect all vital services are being put to priority. Unlike the sh!t show across the water. Well done all.

    29
    Install the app to use these features.
    Mute Dave Hammond
    Favourite Dave Hammond
    Report
    Oct 23rd 2021, 12:14 PM

    @Seymour business: ha ha maybe ya should change your name to ‘see less business’ —- what ever happened to the 100m we spent on the HSE covid tracing app ? This was suppose to be the 21st century solution to contact tracing – using mobile tech like they did in south korea to retrace movements yada yada -anyone remember all that -of course not – Ireland is tieing itself up in a farcical red tape bubble being created by bureaucrats – it’s almost as if they. are setting it up to fail – heres a list of things we need you to do in order to ‘be incompliance’ and then in another month – ah we have to shut them down they are not abl to operate in compliance – i get it people who dont care much for clubbing etc on here pontificating – but for the vast majority of younger people pub club owners and operators – this just makes a laughing stock of the ‘vaccine bonus’ conversations that Govt and Health officials touted 6 months ago – people need to start demanding representatives get theor sh*t together and get this mess sorted – it is beyond farcical they had over a year to PLAN for club reopenings – could the administrators not have used all them ‘working from home on full pay’ meetings on zoom to work all this out in advance – 630pm on day of opening – seriously????

    4
    Install the app to use these features.
    Mute Maria Clery-Breen
    Favourite Maria Clery-Breen
    Report
    Oct 22nd 2021, 6:53 PM

    I know of someone going out tomorrow not vaxed ..how they are going to get in anywhere .,.

    14
    Install the app to use these features.
    Mute Franny Ando
    Favourite Franny Ando
    Report
    Oct 22nd 2021, 6:56 PM

    @Maria Clery-Breen: A negative test result.

    36
    Install the app to use these features.
    Mute Mo
    Favourite Mo
    Report
    Oct 22nd 2021, 6:59 PM

    @Maria Clery-Breen: You should definitely report them, awful behaviour altogether /s

    25
    See 4 more replies ▾
    Install the app to use these features.
    Mute lelookcoco
    Favourite lelookcoco
    Report
    Oct 22nd 2021, 7:02 PM

    @Maria Clery-Breen: Hopefully they won’t

    21
    Install the app to use these features.
    Mute Sarah Lou
    Favourite Sarah Lou
    Report
    Oct 22nd 2021, 7:07 PM

    @Maria Clery-Breen: correction… you know someone who intends to go out tomorrow night….cant wait to check in Sunday and see where let them in!

    25
    Install the app to use these features.
    Mute Maria Clery-Breen
    Favourite Maria Clery-Breen
    Report
    Oct 22nd 2021, 9:14 PM

    @Mo: I’m not in Ireland

    5
    Install the app to use these features.
    Mute Robert Clifford
    Favourite Robert Clifford
    Report
    Oct 23rd 2021, 1:37 AM

    @lelookcoco: Pull up a chair everyone. lelookcoco is saying daft stuff again.

    7
    Install the app to use these features.
    Mute John Keane
    Favourite John Keane
    Report
    Oct 22nd 2021, 8:35 PM

    Im just interested to know what your solution is! Please share it. Do you want a freedom day? Look where that got them. People will die in more numbers again, there is no back to normal solution there wont be for a long time if ever. Unless we just all take our chances and may the strong survive. Maybe thats what darwin meant.

    13
    Install the app to use these features.
    Mute John Keane
    Favourite John Keane
    Report
    Oct 22nd 2021, 8:55 PM

    @John Keane: that was meant for Franny Ando at the top.

    4
    Install the app to use these features.
    Mute finbarr walsh
    Favourite finbarr walsh
    Report
    Oct 22nd 2021, 7:37 PM

    Do I need to show covid cert if staying in a hotel ?

    7
    Install the app to use these features.
    Mute Giovanni cans
    Favourite Giovanni cans
    Report
    Oct 22nd 2021, 7:50 PM

    @finbarr walsh: no drive on eat and drink all you like there covid doesn’t affect hotels

    44
    Install the app to use these features.
    Mute Franny Ando
    Favourite Franny Ando
    Report
    Oct 22nd 2021, 8:15 PM

    @finbarr walsh: No.

    10
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.
JournalTv
News in 60 seconds