Much debate has arisen recently on the promissory notes debacle and its impact on the economy. The issue seems to be clouded in mystery and many people may have shied away from it believing it to be yet another complex financial problem. The reality is that such discussions are generally made to seem difficult to grasp by the establishment and its media, to cover-up the story’s scandalous nature. This is exactly what is happening with the promissory notes.
Mortgages should be immediately re-assessed and reduced. Commenting on the “Negative equity in the Irish Housing Market” report from the ESRI, Joe Higgins MEP said...
The release of the latest estimates from the Department of Finance in the Stability Programme Update illustrates in cold figures in whose interests austerity is being implemented. The figures prove that society and the economy are being destroyed so that the bondholders will be repaid.