GALWAY CITY DEMONSTRATION OVER BONDHOLDERS PAYMENT

Date Published: 23-Jan-2012

A number of protestors have gathered outside the former Anglo Irish Bank in the city to voice their opposition to payments being made to bail out the banks.

A huge yellow banner stating ' the banks got bailed out, we got sold out' is hanging across the front of the building on Forster street.

A tent is also blocking the front entrance to the building and protestors including some from the Occupy Galway group are holding banners and placards.

This week, a 1 point 25 billion euro payment is due to senior bondholders at the bank formerly known as Anglo Irish Bank, now called the Irish Bank Resolution Corporation.

The government has warned that if the payment is not met there could be dire consequences - but trade unions, opposition parties and independent TDs have called on government to default on the payment.