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The government is due to make a €3.1bn payout on an Anglo Irish bond in March. Photograph: Peter Muhly/AFP/Getty Images
Anti-debt campaigners gathered in Dublin on Wednesday to call on the Irish government to suspend repayments on the bonds of bailed-out lender Anglo Irish Bank.
A coalition of trade unionists, faith groups and international debt relief campaigners, called Debt Justice Action, is highlighting the social costs of keeping up repayments on the bonds of Ireland's bailed-out banking sector.
Andy Storey of University College Dublin said the €3.1bn (£2.6bn) the Irish government is due to pay out on an Anglo bond at the end of March could fund the country's entire primary school system for a year.
He said most private bondholders in the bank have now been paid off, so the government is now repaying public-sector creditors, including the European Central Bank, which part-funded the Irish bailout. In total, the rescue of Anglo will have cost €47bn by 2031, the equivalent of 30% of Ireland's current GDP.