Vincent Browne in cracking form, taking on Klaus Masuch of the ECB.
Notice Masuch’s reaction, it starts with a sort of sneer as if he could just ignore the irritating insect in front of him but then he gets more and more uncomfortable as Browne presses his point. Its just a shame that not one of the other journalists pushed any member of the Troika over Browne’s claims that we don’t owe need to pay unsecured bond holders and that the reason for paying them back is just to keep other European banks from getting into financial difficulties. Not to mention the fact that we shouldn’t be shoring up a now defunct bank.
The telling point from the past couple of years is the lack of any serious investigative journalism into what happened to our financial institutions and into why we have to accept what the Troika tell us to do. We have been told that we have to pay back a debt, most of which the Irish public did not incur, without any good reason. Our major media organisations have fallen in behind our political leaders in telling us that we have pay back money that we don’t have. Our journalists have been silenced, apart from Browne and Fintan O’Toole, and they have been marginalised as being eccentric or too left-wing to be listened to. There is a major story to be written about the ties that bind journalism with politics in this country, unfortunately that story will not be written by any of our journalists. If it is written at all, it will be written by the historians looking back at this gombeen nation.