Action From Ireland
Campaigners Call for Halt to Anglo Debt Re-Payments
Press Release – Debt Justice Action
18 January 2012
A new campaigning network of local and global justice organisations, Debt Justice Action, has today called on the government to stop paying the debts of the former Anglo Irish Bank / Irish Nationwide Building Society (INBS). The campaign group – encompassing a strong and unique coalition of representatives from the trade union, community, faith-based, global justice and academic sectors – argues that the debts of these now state-owned institutions are not the responsibility of people in Ireland. Their new campaign – Anglo: Not Our Debt – is calling for the suspension of Anglo/INBS repayments as a first step towards renegotiation and writedown of this unjust debt. The bulk of the re-payments are government issued “promissory notes” – a promise to pay money in future – to Anglo/INBS which will cost Ireland over €30 billion during the next 20 years.














