EU Commissioner: Black is White

firefighter

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Sep 21, 2010
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We won't be needing emergency funding heralds Olli Rehn, EU economic Commissioner.

Ireland will not need emergency funding, says EU commissioner - The Irish Times - Wed, Sep 29, 2010

It appears everyone is singing off the same hymn sheet:

Olli Rehn
Brian Cowen
Brian Lenihan
Irish Times

There must have been a video conference and a couple of phone calls today to align everyone and get them to stick their chests out and stand tall.

I wonder do these people realise that "emergency funds" from the IMF are a lot cheaper than buying money from bond speculators?

The Eurocrats tasked with dealing with Brian Cowen and Brian Lenihan don't give a flying fig what they do to the Irish people so long as damage to the rest of the Eurozone is minimised.

Prevarication and deception are the tools of the trade for these people.
 
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ibis

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Mm...on the other hand, bond speculators only want to be paid back, whereas the IMF's funds tend to have certain provisions attached to them. But perhaps you're right - perhaps the EU Commission should talk Ireland down in the market and render us incapable of doing anything but calling in the IMF.

Or, you know, not.
 

needle_too

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I wonder do these people realise that "emergency funds" from the IMF are a lot cheaper than buying money from bond speculators?
The real expense in taking money from the IMF/Euro fund is that Germany and France will demand a change in our corporation tax levels to european levels.
This is why we are resisting emergency funding from Europe and going to the markets.

Thats not to say it will work, though....
 

Green eyed monster

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The real expense in taking money from the IMF/Euro fund is that Germany and France will demand a change in our corporation tax levels to european levels.
This is why we are resisting emergency funding from Europe and going to the markets.
Sounds like a good idea on it's own merits anyway, and if we can say it wasn't our decision but was foisted upon us so much the better.
 


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