IMF or NAMA

[bormotello]

Looks like government don’t have any other arguments to defend NAMA, rather then scary public workers by ugly IMF.
Even old FG is playing on FF side

Nama rejection could bring in the IMF, warns FitzGerald

FORMER Fine Gael taoiseach Garret FitzGerald made a stunning intervention in the Nama debate yesterday, warning that a Dáil rejection of either the government's banking or budgetary proposals "could throw our state into the hands of the IMF [International Monetary Fund]".

Lenihan prepares to tackle NAMA critics with new safeguards - National News, Frontpage - Independent.ie

Fianna Fail TD Timmy Dooley said it was necessary to get NAMA, spending cutbacks and the broadening of the tax base correct, adding, "If the Government doesn't do what's necessary, there could be no alternative but for the IMF to come in."

This is why PS unions are keeping silence about NAMA, but when major cuts in public sector(not small, as proposed now) will be inevitable, they will tell that if taxpayers supported fat bankers, they must also support "poor" public sector workers and screw ordinary people twice.

[TradCat]

I'd welcome the IMF. We have a huge hole in the budget and a political system incapable of dealing with it. We need the kind of cuts in spending that none of our parties are willing to contemplate.

We also need political reform so we can elect a government capable of doing a little bit more than pandering to special interests.

[just_society2]

One vote for the IMF.

'I for one welcome our new economic overlords'...

[LowIQ]

Will the ECB really let the IMF march in to a member country? No.
As for political reform, the IMF does not do that. They just slash and burn and leave the gombeens in charge.

[Question R24U]

The IMF would not be all good news. Sure they make plug the 25-30bn deficit, but how will the Ceann Comhairle survive on less than 250k per year, or consultants on 330k or teachers on 50k. And paying many of the 370,000 public sector workers dole instead of pay will be a bitter pill to shallow especially as dole and other social welfare rates would be cut. An bord snip would be deemed a conservative first go. Arts, gaeltacht- sports and agriculture handouts would be savaged. The IMF could withstand the bleatings of Jack O'connor and a public sector strike would demonstrate what aspects of the public service are surplus to requirements.

The IMF is the Cntrl-alt-delete option and fact that it is being spoken about, shows how much our entire political class have failed. On a straight Nama v IMF, i vote IMF.

[TradCat]

No, the political reform is up to us. It's even more important than the economy in my view because if we don't do it the politicians will destroy the economy again first chance they get.

[Propforward]

No, the political reform is up to us. It's even more important than the economy in my view because if we don't do it the politicians will destroy the economy again first chance they get.

And how exactly do you initiate political reform?
Neither side of the Dail wants radical reform...

Either someone comes in like the IMF and forces political reform or someone takes the GPO and we start again...

[HarshBuzz]

IMF? no

ECB? yes

fine by me, as many posters have noted our Government lacks the intelligence, credibility, integrity and backbone to deal with the mess that they have created. I doubt the opposition could do much better.

let's outsource the job of economic governance for a few years.

[stanley]

IMF? no

ECB? yes

fine by me, as many posters have noted our Government lacks the intelligence, credibility, integrity and backbone to deal with the mess that they have created. I doubt the opposition could do much better.

let's outsource the job of economic governance for a few years.

Not a bad idea to outsource but he who pays the piper calls the tune and the FF'ers would just borrow off the ECB in our names and then tell the ECB what to do for FF benefit.

Has to be the IMF

[ang]

IMF. What other choice do we have. Political and financial system paralysed. They only seem to be able to concentrate on banks and developers. That's no good to us we have a country to run. Somebody needs to start running it. I can't see anybody with a firm grip on the country, so we need someone to come in and show them how it's done. The longer we wait the longer the pain.