This evening the Dáil will discuss a motion co-authored by myself and Shane Ross on the Promissory Notes. You can see the text of this below. As of yet, there’s no counter-motion from the Government – but we’ll throw it live online whenever we get it.
That Dáil Éireann: in view of the imminent danger of Ireland’s humiliation in the negotiations with the European Central Bank over the Anglo Irish Bank promissory notes, calls on the Government to:
- Make a public declaration that Ireland is unwilling to, and will not, pay the €3.1 billion payment due on 31st March;
- Assert that the debt is not the moral obligation of the Irish people;
- And demand from the European Central Bank that a prerequisite to a settlement of the promissory note issue will require a negotiated write-down of the debt embracing fair sharing of the burden across the Eurozone.
So the Government’s counter-motoion is in. Here it is below:
“That Dáil Éireann:
- Recognises the importance of completing an agreement on the issue of the promissory notes before the next scheduled payment on 31st March 2013;
- Recognises that the current negotiation approach is the best course of action in order to acheive agreement with our European partnets; and
- Notes that the government will continue in its negotiations with the European Central Bank to achieve the best possible outcome for the irish taxpayer.”