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Thread: More Money Sought from IMF.... Why ?

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    Politics.ie Member emulator's Avatar
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    Default More Money Sought from IMF.... Why ?

    Just wondering why the Government has agreed to take more money from the IMF.... almost one billion more? Seems very odd....

    Aren't we supposed to be leaving the "Bailout" at the end of this year ? Aren't we supposed to be doing great on "the markets" ?

    THE International Monetary Fund (IMF) has praised the Government and said it will lend Ireland a further 970m as part of the bailout plan.
    IMF shows its support for Ireland with pledge on bailout - Independent.ie

    What are the terms of this extra loan ? If things are going as good as the Government would have us believe, why do we need what is effectively a second "Bailout" ?

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    Quote Originally Posted by emulator View Post
    Just wondering why the Government has agreed to take more money from the IMF.... almost one billion more? Seems very odd....

    Aren't we supposed to be leaving the "Bailout" at the end of this year ? Aren't we supposed to be doing great on "the markets" ?



    IMF shows its support for Ireland with pledge on bailout - Independent.ie

    What are the terms of this extra loan ? If things are going as good as the Government would have us believe, why do we need what is effectively a second "Bailout" ?
    Cause they are telling us porkies a la Pat Rabbite...........

  3. #3

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    this is the magic money tree fine gael/labour apparatchiks keep telling us does'nt exist
    i owe my allegiance only to the working class

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    Politics.ie Member wombat's Avatar
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    Its not the end of the year yet, we are still living beyond our means.

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    Quote Originally Posted by emulator View Post
    Just wondering why the Government has agreed to take more money from the IMF.... almost one billion more? Seems very odd....

    Aren't we supposed to be leaving the "Bailout" at the end of this year ? Aren't we supposed to be doing great on "the markets" ?



    IMF shows its support for Ireland with pledge on bailout - Independent.ie

    What are the terms of this extra loan ? If things are going as good as the Government would have us believe, why do we need what is effectively a second "Bailout" ?
    You seem to have missed the " as part of the bailout plan" bit.
    We get the money in instalments.

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    Politics.ie Member emulator's Avatar
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    Quote Originally Posted by Didimus View Post
    You seem to have missed the " as part of the bailout plan" bit.
    We get the money in instalments.
    Indeed we do....

    You seem to have missed the "will lend Ireland a further €970m" bit.

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    Quote Originally Posted by emulator View Post
    Indeed we do....

    You seem to have missed the "will lend Ireland a further €970m" bit.
    You think that the money is extra to what was agreed in the original bailout?

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    Politics.ie Member emulator's Avatar
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    Quote Originally Posted by Didimus View Post
    You think that the money is extra to what was agreed in the original bailout?




    Well, it is what the article says after all.... I know you're going to say ah sure that's not what it means at all.... but it is.

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    Quote Originally Posted by emulator View Post




    Well, it is what the article says after all.... I know you're going to say ah sure that's not what it means at all.... but it is.
    It doesn't say that.
    It is not extra money.
    " Ireland has now received €20.18 billion in assistance out of €22.61 provided for in the three-year programme."
    IMF says resolution of mortgage debt crisis key to recovery - Irish Economy News & Headlines | The Irish Times - Fri, Mar 22, 2013

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    Politics.ie Member emulator's Avatar
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    Quote Originally Posted by Didimus View Post
    It doesn't say that.
    It is not extra money.
    " Ireland has now received €20.18 billion in assistance out of €22.61 provided for in the three-year programme."
    IMF says resolution of mortgage debt crisis key to recovery - Irish Economy News & Headlines | The Irish Times - Fri, Mar 22, 2013
    Surprise surprise....

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