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Why is the payment of €1.5bn to bondholders not news?
TODAY, WHILE RURAL schools are threatened with the loss of teachers and new figures reveal that 200,000 children in Ireland are living in poverty, €1.5 billion has been paid over to anonymous, unsecured, unguaranteed senior bondholders at AIB.
That’s €1,100 per household in the country – or 11 times the Household Charge.
And the real tragedy is, this isn’t even ‘news’ (apart from on TheJournal).