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May 18, 2013
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$50 Billion for Irish BailoutPosted on Nov 19, 2010
Although it may sound like a delicious alcoholic beverage rather than a $50 billion rescue of Ireland’s capitalist apparatus, an Irish bailout by the International Monetary Fund, the European Commission and the European Central Bank is being discussed as the island country reels from debt and failed banks. Ireland admitted previously that it had reservations about taking the international rescue funds, as stipulations regulating IMF bailouts historically leave countries without sovereign control over their economies. —JCL
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By omygodnotagain, November 20, 2010 at 9:46 pm Link to this comment
Why doesn’t Ireland speak directly to the Chinese or the Arabs, and just let the banks fail.
Report thisBy FRTothus, November 20, 2010 at 7:03 pm Link to this comment
Solidarity with the Irish and the Greeks and each
Report thisother. Always the bond-holders are made well, in
their created crises, one after the next. They must
not be paid. They bet, they lost. Their threats of
all the terrible things that will happen are lies out
of whole-cloth. Stop paying the taxes that support
these wealthy bandits and their punish-the-poor
policies they now insist upon when it is not the
common people that did this. Stop paying the taxes
and we will get their attention like no protest march
or letter to the editor or useless ballot ever will.
You want real change? That’s how it’s done. The
boycott, the strike, the refusal to serve, the
refusal to cooperate. This is what real dissent
looks like. This is what democracy looks like.
By lasmog, November 20, 2010 at 11:35 am Link to this comment
This will be interesting to watch. The Irish are not the mindless sheep that the Americans have become. They may resist a bailout that enriches their bankers at their expense.
Report thisBy kerryrose, November 20, 2010 at 7:55 am Link to this comment
‘Although it may sound like a delicious alcoholic beverage rather than a $50 billion rescue of Ireland’s capitalist apparatus,..’
This is a sly and bigoted statement against the Irish. Really? Bringing ‘the red-nosed, drunken Irish alchoholic’ stereotype into a financial analysis?
For Cris Sakes.
Report thisBy eir, November 19, 2010 at 9:59 pm Link to this comment
Heavy pressure is coming from the City of London (their Wall Street, and very connected to Wall Street) which is about to lose vast sums if these “Irish” banks go down. The vast debt belongs to these people, not the state of Ireland which is solvent.
We’ve been here before, haven’t we?
The oligarchs are now launching a war against that pesky thing known as national sovereignty, or what stands between you and their control over you.
See, “Ireland: Battleground in the Fight for Sovereignty”
http://www.larouchepac.com/node/16526
They will not stop with Ireland. The looting will continue. They are coming for your freedom, boyo.
Report this