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Thread: Suriving after IMF takeover

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    Default Suriving after IMF takeover

    We all have different personal circumstances so the impact of the IMF taking over will vary from person to person.

    I am trying to find out how their taking over the reins of power will impact on some of the following;

    1. People who cannot pay their mortgage.
    2. People who cannot pay bank debts
    3. People who cannot pay revenue.
    4. Corrupt business people and politicians.
    5. People working in black economy

    I could add endlessly to the list but the main point is we all need to prepare for the inevitable and knowledge is power.

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    Politics.ie Member Kevin Doyle's Avatar
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    Quote Originally Posted by Paddythai View Post
    We all have different personal circumstances so the impact of the IMF taking over will vary from person to person.

    I am trying to find out how their taking over the reins of power will impact on some of the following;

    1. People who cannot pay their mortgage.
    2. People who cannot pay bank debts
    3. People who cannot pay revenue.
    4. Corrupt business people and politicians.
    5. People working in black economy

    I could add endlessly to the list but the main point is we all need to prepare for the inevitable and knowledge is power.
    What IMF takeover?
    Voters don't decide issues, they decide who will decide issues.

    George Will

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    Politics.ie Member seabhcan's Avatar
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    The IMF effect is overrated. They are not going to do anything harsher than the current government. Look what they did in Greece? Not a lot.

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    Politics.ie Member HarshBuzz's Avatar
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    Quote Originally Posted by Kevin Doyle View Post
    What IMF takeover?
    I think he means 'EFSF drawdown' rather than 'IMF takeover'

    due in April next year according to my calculations
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    Politics.ie Member HarshBuzz's Avatar
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    Quote Originally Posted by seabhcan View Post
    They are not going to do anything harsher than the current government.
    depends what sector of society you're in I suppose

    if they see obvious areas that require major cuts, there'll be no political considerations to stop them.
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    Politics.ie Member PUFF DADDY's Avatar
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    Quote Originally Posted by seabhcan View Post
    The IMF effect is overrated. They are not going to do anything harsher than the current government. Look what they did in Greece? Not a lot.

    What int rate are greece paying now since the intervention ?
    Repeal the 8th

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    Politics.ie Member seabhcan's Avatar
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    Quote Originally Posted by PUFF DADDY View Post
    What int rate are greece paying now since the intervention ?
    5%.

    People seem to think that the IMF somehow replaces the current government. It doesn't. It just lends money to the country with conditions attached. The government still has to do the work of implementing those conditions. If FF is in charge - we will still have FF running day-to-day decisions. The IMF changes very little.

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    Quote Originally Posted by seabhcan View Post
    5%.

    People seem to think that the IMF somehow replaces the current government. It doesn't. It just lends money to the country with conditions attached. The government still has to do the work of implementing those conditions. If FF is in charge - we will still have FF running day-to-day decisions. The IMF changes very little.
    +1 I believe people will be hugely disappointed with what transpires. If anything FF will try to entrench their cronies in positions of power. It is up to Irish people themselves to make the required changes.

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    Politics.ie Member Kevin Doyle's Avatar
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    Quote Originally Posted by Sham96 View Post
    +1 I believe people will be hugely disappointed with what transpires. If anything FF will try to entrench their cronies in positions of power. It is up to Irish people themselves to make the required changes.

    This is what i'm worried about.
    Voters don't decide issues, they decide who will decide issues.

    George Will

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    Politics.ie Member Squire Allworthy's Avatar
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    Quote Originally Posted by Paddythai View Post
    We all have different personal circumstances so the impact of the IMF taking over will vary from person to person.

    I am trying to find out how their taking over the reins of power will impact on some of the following;

    1. People who cannot pay their mortgage.
    2. People who cannot pay bank debts
    3. People who cannot pay revenue.
    4. Corrupt business people and politicians.
    5. People working in black economy

    I could add endlessly to the list but the main point is we all need to prepare for the inevitable and knowledge is power.

    Considerable impact on 1-3, little impact on 4 and will act as a boost to 5 though expect more emphasis on copy righted material protection.

    Quote Originally Posted by seabhcan View Post

    People seem to think that the IMF somehow replaces the current government. It doesn't. It just lends money to the country with conditions attached. The government still has to do the work of implementing those conditions. If FF is in charge - we will still have FF running day-to-day decisions. The IMF changes very little.

    IMF conditions and FF implementation could be a very bad mix indeed.

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