Follow @PoliticsIE
 
 
 
Page 1 of 7 12345 ... LastLast
Results 1 to 10 of 65

Thread: IMF takeover - the Constitutional position

  1. #1
    Politics.ie Member Podolski1.5's Avatar
    Join Date
    May 2009
    Posts
    577
    Mentioned
    0 Post(s)

    Default IMF takeover - the Constitutional position

    Once again we are hearing dire warnings that the International Monetary Fund will take over the running of our economy if the government doesn't institute even more vicious austerity measures than already in place.

    Dr. Death himself, Colm McCarthy, is quoted in today's Sunday Independent as saying that the IMF will be running the country by February if the government doesn't get its house in order, i.e. screw the people even more.

    McCarthy warning: IMF is at our door - National News, Frontpage - Independent.ie

    Leaving aside the financial implications for a while I wish to raise the Constitutional positon if a foreign based elite is to take power in some form over the Republic of Ireland.

    This country is governed by a Constitution which clearly states:


    Article 5


    Ireland is a sovereign, independent, democratic state.

    Article 6


    1. All powers of government, legislative, executive and judicial, derive, under God, from the people, whose right it is to designate the rulers of the State and, in final appeal, to decide all questions of national policy, according to the requirements of the common good.

    2. These powers of government are exercisable only by or on the authority of the organs of State established by this Constitution.

    So, would an IMF takeover be a flagrant breach of our Constitution, indeed would it amount to a coup d'etat? In my view it would.

    No doubt we will be told that the IMF wouldn't be taking over directly, that it would merely dictate the terms to an Irish Finance Minister (which is already happening from the EU). However it would still amount to a usurpation of power.
    "The rich always betray the poor"- Henry Joy McCracken

  2. #2
    Politics.ie Member wombat's Avatar
    Join Date
    Jun 2007
    Posts
    31,226
    Mentioned
    2 Post(s)

    Default

    Quote Originally Posted by Podolski1.5 View Post
    No doubt we will be told that the IMF wouldn't be taking over directly, that it would merely dictate the terms to an Irish Finance Minister (which is already happening from the EU). However it would still amount to a usurpation of power.
    If no one else will loan the govt. money and the govt. needs to borrow, it will be on terms dictated by the IMF. We will still fly the Tricolour over Leinster House, we will still have the trappings of independence but the govt. will implement the policies that the lender wants. He who pays the piper will call the tune

  3. #3
    Politics.ie Member
    Join Date
    Dec 2008
    Posts
    701
    Mentioned
    0 Post(s)

    Default

    It's got nothing to do with the constitution. The IMF would just be offering us a deal which we could take or leave. Say the government chooses to leave the deal, but then runs out of money - teachers, gardai, nurses, retireees etc. would find that their salary/pensions don't get paid, simply because the state doesn't have the money.

  4. #4
    Politics.ie Member
    Join Date
    Jul 2008
    Posts
    16,509
    Mentioned
    3 Post(s)

    Default

    Honestly we may see this come to pass. It may be dressed up as something else.

    The FFail party must have the stake driven throuh the place that a heart would be if it had one.

    If we have one iota of respect for ourselves as a country or a people we must rid ourselves of this corruption infested cabal.

  5. #5
    Politics.ie Member greengoose2's Avatar
    Join Date
    May 2009
    Location
    Planet Enda, Tír na nÓg
    Posts
    25,433
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by orbit View Post
    It's got nothing to do with the constitution. The IMF would just be offering us a deal which we could take or leave. Say the government chooses to leave the deal, but then runs out of money - teachers, gardai, nurses, retireees etc. would find that their salary/pensions don't get paid, simply because the state doesn't have the money.
    Thank God for that. So it's only the PS which would suffer? Did you figure that one out on your own or did some drunken barfly help you?

    According to the MoS "Ireland owes the ECD 260bn! Perhaps that figure would be more credible if it was published in the Sindo under the name of O'Connor , O'Dea of Cecelia Ahern.

  6. #6
    Politics.ie Member
    Join Date
    Jan 2008
    Posts
    650
    Mentioned
    0 Post(s)

    Default

    ireland sign away its sovereignty when it handed over the issuing of its currency to the Bankster puppets in the ECB and Europe.Whoever controls the money supply and price of money controls Ireland we are finding that out to late.
    The IMF and ECB are a bankster gangster outfits ,given three letter titles but are worse than any mafia.
    A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.

    WEAVER, HENRY GRADY,

  7. #7
    Politics.ie Member
    Join Date
    Feb 2010
    Posts
    10,373
    Mentioned
    0 Post(s)

    Default

    Maybe we will need another referendum if the IMF come in !!
    You'd think Kenny committed Treason and brought in IMF. Cowen had all in stitches in Galway at 3.30a.m.but he was "not impaired" -DD Power. FF=Publican páirtí an IMF.

  8. #8
    Politics.ie Member
    Join Date
    Dec 2008
    Posts
    701
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by greengoose2 View Post
    So it's only the PS which would suffer?
    They'd suffer the most, and social welfare recipients - no question about that.

  9. #9
    Politics.ie Member greengoose2's Avatar
    Join Date
    May 2009
    Location
    Planet Enda, Tír na nÓg
    Posts
    25,433
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by orbit View Post
    They'd suffer the most, and social welfare recipients - no question about that.
    No kidding?

  10. #10
    Politics.ie Member
    Join Date
    Dec 2008
    Posts
    701
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by greengoose2 View Post
    No kidding?
    A lot of people don't get the meaning of "rock and a hard place"

Page 1 of 7 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •