Asset Seizures

It is to be noted that particular businesses have not been closed down despite their liabilities in an economy which has all but collapsed . The choice of which businesses are allowed to remain and those which have been closed leaves little to the imagination . The closure of legitimate small business by the banks through the courts system means  the economy and democracy is either being put in the hands of unlawful criminal   elements or is  at risk of such  .It is these elements which are  particularly likely to purhcase assets at low face value leaving the  liabilities on their original owners without the means to discharge them  . The failure to implement protective measures in Ireland leads to the  suspicion othat the economy was manipulated to effect such asset collections as a means of personal enrichment  either by the political elite or other  elements .This was the peril the European Union identified as likely to destabilise democratic states in the  Third Directive