Anglo Irish debt should not be repaid

This week Anglo-Irish Bank, with Government backing, is going to repay a Billion of unsecured long term bebt at great cost to the taxpayer.

I dont think the Anglo bonholder payments due currently should be paid. Standing up to the madness of paying them would give the Government credibility with the markets that it could repay later secured Government debts and with the public for future harsh measures needed to balance the budget.

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