Why EU cannot replace IMF?

[bormotello]

What we have now?
Country ruined by FF and ruling party is trying to force taxpayers pay for all their mess in order to save money of their donators, so they can safely withdraw money from their deposits and invest it somewhere else.
We also have impotent opposition, which afraid to take any responsibility for imposing cuts on public services and welfare. They ready wait long enough, even if their delay will totally destroy country.

The most popular solution is to bring IMF and those ugly guys will make well known in advance decision and as price for this will seriously damage country, because they don’t know how to do it right.

Why not to use EU as alternative to IMF?

Opposition now is brave enough to mention general elections
We need to include into bulletins in addition to existing candidates faceless Brussels bureaucrats and if EU candidate will win, Brussels will assign somebody smart.
If EU will get majority, they can quickly

reduce number of clerks and managers in public sector,
make salary of frontline staff in public services dependent from average after-tax take in private sector,
jail all politicians, developers and bankers, responsible for this mess
help Ireland to kill bankrupt banks without affecting ordinary people deposit
reduce welfare to EU average

that’s all.

After that, they can go back.

I know that EU can disagree, but we can ask very hard. If faceless Brussels bureaucrats are really worrying about Europe, they cannot reject it by simple NO.

The biggest problem here that politicians know that people don’t have alternative, this is why they can do what they want.
If we will start to ask Brussels very hard, politicians will have a choice – leave it to EU commissars or do all changes themselves

[Digout]

The EU is another massive fraud, not unlike FF, let the IMF come in, they will sort the place out.

[netron]

the IMF wont be called in.

we're being bailed out by the ECB via Nama.

[bormotello]

the IMF wont be called in.

we're being bailed out by the ECB via Nama.

It will delay IMF arrival by few years, but will not save Ireland
Only bondholders and shareholders

[netron]

It will delay IMF arrival by few years, but will not save Ireland
Only bondholders and shareholders

the IMF bailing out a eurozone country would have disastrous consequences for the euro itself. And the knock on effects could lead to the break up of the eurozone (Italy for example.. where there is strong support for the reintroduction of the Lira).

Politically i cant see it happening. The Germans will end up bailing us out.

We're only 4 million people after all - about the size of a reasonably big European city.

[bormotello]

the IMF bailing out a eurozone country would have disastrous consequences for the euro itself. And the knock on effects could lead to the break up of the eurozone (Italy for example.. where there is strong support for the reintroduction of the Lira).

Politically i cant see it happening. The Germans will end up bailing us out.

We're only 4 million people after all - about the size of a reasonably big European city.

It will be cheaper for them to bail out us with collapsed banks
All, what they have to do is provide us 170 Bn for few months to transfer balances and 40 Bn for injection into real economy without property sector