Video Related To: Browne

Vincent asks Labour minister Dominic Hannigan the same question 10 times but still gets no coherent answer which is typical from our incompetent Irish government. The Question "Why did our government pay a 1.5 BILLION UNSECURED debt to Bond Holders for one of our Banks (AIB)?" Sorry about poor audio, it was spontaneously recorded off the TV using a mobile phone. ------------------------- Transcript below: Browne: We paid another €1.5bn two weeks ago to unsecured bondholders. It's just incredible. And there was no acknowledgement, no debate about it, no fuss about it, no nothing. Can you understand, Dominic, why we continue to do this? Hannigan: Well yes, because we're in a situation that we want to get out of as soon as possible. Don't forget the country was virtually bankrupt, Vincent, when we took over ... Browne: Why are we paying €1.5bn to unsecured bondholders Hannigan: The important thing that this country has to do is regain its reputation on the international stage Browne: Alright, just tell me Hannigan: Some of the benefits already... Browne: Why did we pay €1.5bn to unguaranteed bondholders in AIB? Hannigan: Because, as I said, we're trying to regain our reputation abroad. Just this week we've seen some of the benefits of regaining that reputation. We've seen international investments. Today, just before we came on air, we saw the Taoiseach and the Tánaiste in Dun Laoghaire announcing more jobs for the country. We wanna see more of that, but we can only get more <b>...</b>