IMF austerity measures to remove irish sovereignty over economy

1) re low interest (5%) IMF loans: "mostly it will be used for the banks."

2) Ireland loses sovereignty over economy to IMF: Ireland's government is "handing over... (their) economic independence to personnel from abroad," and "The political system would lose control over big economic decisions."

3) How outrageous that the IMF official compares IMF-imposed austerity measures to dieting! Hey, it wasn't the Irish people who gambled away their money. it was the BANKS. So why do the Irish people have to go on a diet?
instead of the BANKS?

4) The super-low 12.5% corporate income tax is "non-negotiable" because "it IS fundamental to our economic and our enterprise culture."

5) Paul Krugman writes today of the Irish Non-bailout: "So, a credit line at 5.8 percent interest. Considering that Ireland was able to borrow at that rate as recently as mid-September, and was falling off a cliff then, why is this supposed to solve the problem?

What's the Gaelic for "You've gotta be kidding"?

Category:

News & Politics

Tags:

• Ireland
• IMF
• austerity
• measures
• banksters
• broke
• government
• economics