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IMFs LaGarde: No Special terms for Ireland


Ulster-Lad

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Christine Lagarde, Head of the IMF, has said there will be no special terms or new terms for Ireland. The IMF has to act "Even-Handedly" and within it's own rules. Of course this would only apply to the IMF portion of the bailout.

Lagarde: 'We don't invent new terms' for bailout loans | BreakingNews.ie


Anyone expecting something there has had a surprise.
 


Grumpy Jack

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Where has it ever been suggested there would be new terms from the IMF?
 

Sync

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Well....yeah. So the rejigging that's taking place will just be confirmed as being part of the existing rules. We knew that. Even if it's not true (it's probably not), that's what's going to the be said. She's not say the mooted deal won't go ahead, just that it must be part of their rules.

The deal's pretty much done and dusted, one of the priorities now is to control the aspect of precedent to stop every country trying to do similar things.
 

odlum

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The IMF portion of the loans was never up for negotiation. They don't do it for far poorer parts of the world - why would they do it for us?

The government tried to get her drunk in Donehy's last night perhaps trying to prise something which would not surprise me with this lot. Time to hand over to MM for real leadership not this clownish behaviour.
 

Ulster-Lad

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One could assume that Ireland did ask for some sort of concessions.

Speaking after a meeting with the Finance Minister Michael Noonan and the Tánaiste Eamon Gilmore, Ms Lagarde said the IMF has to operate "in an even-handed way" and "within its own rules".
 

Grumpy Jack

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Well....yeah. So the rejigging that's taking place will just be confirmed as being part of the existing rules. We knew that. Even if it's not true (it's probably not), that's what's going to the be said. She's not say the mooted deal won't go ahead, just that it must be part of their rules.

The deal's pretty much done and dusted, one of the priorities now is to control the aspect of precedent to stop every country trying to do similar things.
Sync, the mooted deal is on the EU portion of the bailout - not the IMF's.

The IMF portion has been pretty much written in stone since November 2010 and was never likely to change.
 

bonkers

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The IMF portion of the loans was never up for negotiation. They don't do it for far poorer parts of the world - why would they do it for us?

The government tried to get her drunk in Donehy's last night perhaps trying to prise something which would not surprise me with this lot. Time to hand over to MM for real leadership not this clownish behaviour.
Mehaul wouldn't be much use at getting her drunk. You'd need to bring back Biffo for that.
 

Sync

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Can we use this thread to talk about Enda's tie? I really don't know who dresses him in the morning.
 

Analyzer

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The IMF portion of the loans was never up for negotiation. They don't do it for far poorer parts of the world - why would they do it for us?

The government tried to get her drunk in Donehy's last night perhaps trying to prise something which would not surprise me with this lot. Time to hand over to MM for real leadership not this clownish behaviour.
MM ??....you mean the sweets that melt in your mouth and not in your hand ?
 

Ulster-Lad

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How do you know?

Lagarde's said that in answer to a question at the press conference after the meeting.
So the government did not ask for anything from LaGarde? She just thought she would throw that out there and she came to Dublin for the craic with Enda.

Ms Lagarde also said the IMF is open to other ways of helping the country towards economic recovery other than the extension of payback deadlines for the EU/IMF/ECB bailout loans which could save billions.

“We have an open mind over many of the terms of the exit strategy. As far as the adjustment to the loans. It's not just about extension of the maturity, but certainly it includes that,” she said.
IMF
 

curiousorange

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WTF? I have been assured on these pages that the IMF were the good guys, who want to do away with austerity and throw free money at us if only those nasty Europeans would let them.
 

ger12

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Can we use this thread to talk about Enda's tie? I really don't know who dresses him in the morning.
What's his tie got to do with this thread?
 

Grumpy Jack

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So the government did not ask for anything from LaGarde? She just thought she would throw that out there and she came to Dublin for the craic with Enda.



IMF
The govt is asking from Lagarde and the IMF what it has been seeking and getting from the IMF since it came to office - support and pressure to change the most onerous parts of the bailout terms and the PN problem which are down to the EU and ECB.

There was never any prospect of changing the terms of the IMF loans because they are the same for every state that seeks IMF assistance. That's been know from the start.

Kenny, Noonan and Gilmore have never sought a reworking of the IMF terms because that simply isn't going to happen.

Where they are after new terms is with the EU because the decisions taken there are political and constantly change as the situation evolves.

There is absolute nothing new or earth-shattering in what Lagarde said today.

Ulster-Lad, you have a serious attention, comprehension and retention problem when it comes to what has been happening for the last few years.
 

Mossy Heneberry

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The IMF portion of the loans was never up for negotiation. They don't do it for far poorer parts of the world - why would they do it for us?

The government tried to get her drunk in Donehy's last night perhaps trying to prise something which would not surprise me with this lot. Time to hand over to MM for real leadership not this clownish behaviour.
Go away out of it. Mehole Martin is more of the same.
 

Analyzer

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She looks hung over - how can that be?
Now, that is an interesting observation :p

I wonder will there be any photos in the newspaper to indicate how proceedings progressed....
 

Ulster-Lad

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The govt is asking from Lagarde and the IMF what it has been seeking and getting from the IMF since it came to office - support and pressure to change the most onerous parts of the bailout terms and the PN problem which are down to the EU and ECB.

There was never any prospect of changing the terms of the IMF loans because they are the same for every state that seeks IMF assistance. That's been know from the start.

Kenny, Noonan and Gilmore have never sought a reworking of the IMF terms because that simply isn't going to happen.

Where they are after new terms is with the EU because the decisions taken there are political and constantly change as the situation evolves.

There is absolute nothing new or earth-shattering in what Lagarde said today.

Ulster-Lad, you have a serious attention, comprehension and retention problem when it comes to what has been happening for the last few years.
You really do have a problem with reading comprehension or are simply ignorant.

It seems you just stated that is exactly what the government is seeking, to change the terms. Then you go on to deny the government ever wanted or attempted to change the terms. Make up your mind. You are assuming that the government accepted in advance that there is/was no prospect of changing any terms. If that were the case then why did she make the statement? It sure looks like the government wanted to change the terms and the prospect was flatly rejected by LaGarde.
 

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