IMF: Ireland, like Greece, has no choice but to do fairly dramatic things

He3

Moderator
Joined
Oct 1, 2008
Messages
17,077
IMF turns its attention to Ireland during its Washington press conference, bracketing us with Greece.

The International Monetary Fund has said that Ireland has no choice but to take strong and credible action to try to restore its finances. The comments came at a news conference in Washington ahead of meetings of the IMF and World Bank in the city on Friday.

The Senior IMF Economist, Jorg Decressin, said the Irish economy was still struggling from the unwinding property boom and a banking crisis that was leading to market pressures on interest rates.

He said the IMF supported the tough measures being taken by the Government.

[...]

IMF Chief Economist Olivier Blanchard added that countries such as Ireland and Greece have no choice than 'to do fairly dramatic things in as clear a manner as possible'.


RT News: IMF says Ireland must take 'credible action'
 


spidermom

Well-known member
Joined
Sep 13, 2008
Messages
9,148
Snap...just about to post this.
Beginning to feel a pi**ed off at all this sage like advice coming at us....should we all wear sack cloth and ashes and bow down to their superior intelligence????

( YEAH...YEAH....I know its part of the 4 year strategy ain't it???)
 

hmmm

Well-known member
Joined
Oct 4, 2006
Messages
2,831
Snap...just about to post this.
Beginning to feel a pi**ed off at all this sage like advice coming at us....should we all wear sack cloth and ashes and bow down to their superior intelligence????
Only if we want to keep borrowing 20 billion a year. This is not their fault, this is our fault.
 

LongShanks

Well-known member
Joined
Feb 23, 2009
Messages
644
Only if we want to keep borrowing 20 billion a year. This is not their fault, this is our fault.
This is FF's fault.
 

cyberianpan

Well-known member
Joined
Jan 18, 2006
Messages
16,347
Website
www.google.com
The state is borrowing €20b per year to pay for high social welfare , high PS pay - and services we cannot afford

Social Welfare should never have been increased during the boom/bubble years - as PS pay has long since been proven excessive - unjustified and unsustainable pay increases were given out in "benchmarking"

The game is up, time to stop pretending money grows on trees

cYp
 

LongShanks

Well-known member
Joined
Feb 23, 2009
Messages
644
Their fault that they let us keep too much of our own money, do you mean?

But not our fault that we spent it and more besides.
By "our own money" do you mean the billions we have to pay back that others borrowed.
 

MPB

Well-known member
Joined
Nov 27, 2009
Messages
4,455
I wonder would the IMF consider telling all bondholders in Private Banks to go jump in a lake, tough action, or does pillaging from taxpayers to bailout said bondholders, qualify for what they consider, tough action.

If Ireland jettisoned the bankrupt Banks and bondholders, it would not have a serious problem.
 

spidermom

Well-known member
Joined
Sep 13, 2008
Messages
9,148
Only if we want to keep borrowing 20 billion a year. This is not their fault, this is our fault.
The state is borrowing €20b per year to pay for high social welfare , high PS pay - and services we cannot afford

Social Welfare should never have been increased during the boom/bubble years - as PS pay has long since been proven excessive - unjustified and unsustainable pay increases were given out in "benchmarking"

The game is up, time to stop pretending money grows on trees

cYp
D'oh!!

I do know that lads...but I can still feel pi88ed you know!!!!
Multi-tasking and all that!!
 

flavirostris

Well-known member
Joined
Dec 21, 2007
Messages
24,570
Their fault that they let us keep too much of our own money, do you mean?

But not our fault that we spent it and more besides.
Budgetary policy is up to the public now tonic?
 

sport02

Well-known member
Joined
Sep 25, 2010
Messages
19,548
Just wondering how Bono goes on about saving the world, and donating money to poor countries, anychance he might, practice what he preeches, and bring his tax liability back to the Irish state.
And on this matter, isn't it the patriotic duty of our rich famous to contribute more than ever with their taxes, do our top sport,music and cinema personalities pay tax to this country?
 

MPB

Well-known member
Joined
Nov 27, 2009
Messages
4,455
Their fault that they let us keep too much of our own money, do you mean?

But not our fault that we spent it and more besides.
We are paying our debts. We are paying higher taxes. We are losing jobs. We are accepting pay cuts. We are accepting a poorer service provision for more money. We have not been bailed out by anybody.

They are not. They are sponging off the Irish taxpayer.

We have owned up to our mistakes. We have decided that we must pay a heavy price for our mistakes.

But we will not pay for the mistakes of others, no matter how hard FF try to make us.
 

LongShanks

Well-known member
Joined
Feb 23, 2009
Messages
644
We have options, the the frying pan, the fire or the Feckin boat , flight seems the less thumb scewing option ...


Lenihan's paradise lost vision belies tragic truth - The Irish Times - Tue, Oct 05, 2010
"Flight or fight". Personally I prefer the fight option but Lenihan et al don't want to don the gloves preferring instead to doff the cap to the market and bondholders selling us the notion that somehow, magically in fact, we owe money we never took out a loan on.
 

GDPR

1
Joined
Jul 5, 2008
Messages
217,782
I wonder would the IMF consider telling all bondholders in Private Banks to go jump in a lake, tough action, or does pillaging from taxpayers to bailout said bondholders, qualify for what they consider, tough action.

If Ireland jettisoned the bankrupt Banks and bondholders, it would not have a serious problem.
Right you are. We'd have a problem that "serious" just wouldn't cover, I'm not sure, something like "game-ending" might do.
 

needle_too

Well-known member
Joined
Aug 7, 2007
Messages
918
Their fault that they let us keep too much of our own money, do you mean?

But not our fault that we spent it and more besides.
Listen to the Fianna Fail monkey blame you for their subsidising bust banks with your tax money.
Listen to the Fianna Fail monkey break your public services and tell you 'its for your own good'.
Listen to the Fianna Fail monkey refuse to tackle costs and try to keep the PS workers onside to avoid electoral oblivion.
Listen to the Fianna Fail monkey when he tells you to 'man it up', 'tighten your belt' or 'don the green jersey'.

And listen, listen, listen when the Fianna Fail monkey - 3 years down the road - when he criticises another govt for targeting the poor.

You make me fkn puke.
 


New Threads

Popular Threads

Most Replies

Top