Ballyhea says ‘enough’ - Five years of debt protest ends

THE “Ballyhea says No to the Bondholders” campaign marched for the 262nd and last time yesterday.

The banners have been put away but the integrity of their cause, the shining honesty of their argument, remains undiminished but tragically unresolved. That will always be the case. The imposition of private losses on this country’s public purse had no, and can never have, any moral foundation.

There is no argument, other than power against powerlessness, for the imposition of losses, incurred by international investors in the formalised Ponzi scheme known as the Irish property market of a decade ago, on the public purse. Yet that is what transpired and will shape public budgets for decades to come.