Posts Tagged ‘ IMF ’

News in Brief – IMF Here To Stay As Anti-Semites Attack Shatter


Our Troika days may be numbered but the IMF won’t be leaving just yet, according to the Mission Chief (a misleadingly exciting title if ever there was one). Nope, officers of the IMF could be here well into 2015 to make sure we don’t be bold with our budget again. It’s reported they’ve all developed a taste for the Guinness and can’t remember the way home, that’s the official line anyway, reality is they want to keep their eyes on Enda et. al. to make sure we’re still paying back every bit of bailout we owe. The Mission Chief (seriously, sounds like an astronaut or something) has said we could still be settling our debts up to 2023 but for now, he’ll only be checking in for sixth monthly visits. Byyeeee!

There’s been some particularly troubling protesting going on in West Limerick after a selection of anti-Semitic posters were put up across Sugar Hill Bridge. The posters, that appeared overnight, largely carry the sentiment that Alan Shatter is some kind of cartoon Jewish villain that’s trying to turn our country into Palestine. Whilst this kind of attitude is not acceptable in contemporary society, points are awarded for imagination, what Shatter’s faith has to do on his role in government is undefinable. Laughable really, like the poster that uniquely referred to the Protection of Life During Pregnancy Bill and called Enda Kenny, Enda Herod. Honestly lads, he’s a big enough head already without thinking he’s a king! Continue reading

Austerity Was A Mistake Says Former IMF Mission Chief

File:Protest against bailout of Anglo Irish Bank.jpg

A reliance on austerity as a measure of combating the economic downturn is actually counter-productive, said Professor Ashoka Mody, a former International Monetary Fund (IMF) mission chief for Germany and Ireland.

Speaking on RTE’s Morning Ireland, Professor Mody said that the Troika had other options besides the imposition of austerity, and added that the bondholders could have been forced to bear some of the burden. “We are seeing a belated recognition of the fact that the constraint imposed only by austerity was untenable,” he said on the programme. “Clearly the experience, if experience was needed, has demonstrated that reliance on austerity is counterproductive.” The option of burning the bondholders wasn’t considered at the time, because the government was concerned about causing further financial instability.

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The Top Ten Most Hated Men In Ireland

We have in recent years grown accustomed to hating those who have inflicted pain upon us. Sadly given the current state the country is in most of these hate figures stem from past and current governments who have sold us down the river. But among this batch of hate figures lies more than political greed and ignorance as infamous sports stars and circus clowns who pose as singers also feature in our list of the top ten most hated men in Ireland.

1)Phil Hogan-Ireland’s very own Mr. Fix It has become a forlorn figure in recent weeks after his disastrous attempts to persuade 2 million people to pay the household charge failed miserably. As of the March 31st deadline less than half of those eligible had yet to pay the €100 charge. Cracks are also beginning to emerge in the coalition such is the ferocity of the argument against paying the tax.

2)Bertie Ahern-A man of many friends who has become the face of the recession. The former Irish Taoiseach used his many bank accounts to swindle money from left, right and centre. Rumour has it the Oxford dictionary are redefining the meaning of corruption. Expect a picture of Bertie to feature beside it. The disgraced former Fianna Fàil leader is also available for promotional work, if you would like to contact him simply hashtag #willdoanythingformoney or open a cupboard near you. He may be lurking nearby.

3)Sean Fitzpatrick-The wanker banker is a cult hate figure amongst the Irish people having been at the forefront of the banking crash. The ex Anglo Irish chief hammered out loan after loan and will never be accountable for his actions. Prosecution should befall him sometime soon if there is any justice in this world.

4)Brian Cowen-hardly surprising that the iconic alcoholic and legendary Irish ballad singer features on this list. Far be it from me to mention in the first sentence that he succeeded his comrade Bertie, such was his lack of leadership and constant failings. Biffo will forever be remembered as nothing more than an incompetent and senseless moron whose main claim to fame is a drunken television appearance.

5)Enda Kenny-One year into his tenure as Irish Taoiseach the man viewed by many as our very own problem solver is drawing the ire of those who elected him. Pre election promises have failed to materialise but then again what’s new. Has “tried” his best to be seen to be repressing the urgencies of the European Union on many issues, imparticular our low corporation tax. Expect the act to fall sometime soon and Angela Merkel and Nicolas Sarkozy will get their way. Big changes are required if Kenny is to return to popularity amongst the Irish public.

6)Gerry Adams-Vile, deceiving, inept just few of the words that could critique the life and times of the Sinn Fèin leader. The republican has more secrets than Pandora’s box. His chequered history is common knowledge amongst the people of Ireland. Adams tested the waters last year when he put forward his comrade Martin McGuinness in the presidential election. He will no doubt have been surprised by the reception McGuinness got and expect Adams to run for the Àras in the future.

7)Jedward-Love them or loathe them you can’t ignore them. Despite not having a musical note between them the Lucan duo have gone on to achieve great success following their stint on X-factor. After a solid turnout at last year’s Eurovision, one would expect Jedwardmania to propel Ireland further up the ranks this year.

8) Ajai Chopra-The deputy director of the IMF’s European department has been a regular visitor to these shores in recent months following the decision by the Irish government to sell our economic sovereignty to the powers that be in Brussels and Berlin. “Chopper” is a 20 year veteran with the IMF and shoulders some of the blame for the burden of debt placed on the Irish people. Had it not been for the economic ineptitude of repetitive Irish government’s he would not have become the notorious celebrity he is today.

9)Brian Kennedy-The Voice of Ireland himself. Self proclaimed media whore, once wrote a song or two and continues to publicise his less than popular book by making ridiculous insinuations. Irish rugby captain Brian O’Driscoll has yet to clarify whether or not he is in fact Kennedy’s sweetheart.

10)Thierry Henry-Irish people certainly know how to hold a grudge and no one will ever forget the France striker’s handball that effectively ended Irish hopes of making it to the 2010 World Cup.

Kenny Slams Corporation Tax Pressure

Taoiseach Enda Kenny has slammed other EU countries who are demanding that Ireland increase its level of corporation tax, which is among the lowest in Europe.

The Fine Gael leader branded the pressure as “unfair”, in a claim that will no doubt catch the attention fo French president Nicolas Sarkozy, arguably the greatest critic on Ireland`s corporate tax level.

Sarkozy along with German chancellor Angela Merkel have in recent weeks suggested that if Ireland would like the interest on the EU/IMF bailout to be decreased then they must make a sacrifice in the form of hiking  the corporate tax rate, which currently stands at 12.5%.

Mr Kenny told the Dáil that the issue is being ‘allowed to drag because of national issues’.

He said that it was time for Europe to focus on what it can do to help countries making a real effort to get out of difficulty.

Mr Kenny said the Government would not agree to demands to change our corporation tax rate in return.

But he conceded that any lower interest rate would in any event only apply to money that has not yet been drawn down.

He was responding to Fianna Fáil leader Micheál Martin, who urged him to formally raise the interest rate reduction at this month’s European Council.

Strauss-Khan Denied Bail

A New York judge has remanded International Monetary Fund chief Dominique Strauss-Kahn in custody on charges that he sexually assaulted a hotel maid.

Strauss-Kahn was ‘disappointed’ a court denied him bail on sexual assault charges, but his lawyer insisted that the IMF chief would mount a vigorous defense, saying ‘this battle has just begun.’

‘We are obviously disappointed by the court decision,’ lawyer Benjamin Brafman told reporters after the judge denied the French dignitary bail despite his defense team’s offer to put up $1 million in cash and surrender all his travel documents.

Judge Melissa Jackson said Strauss-Kahn should be remanded because he was ‘a flight risk’ after being charged on Saturday with sexual assault and attempted rape of a maid at a luxury hotel in Manhattan. His arrest was met by great surprise and was highly praised in ome quarters as the American authorities stooped on one of the world`s most influential figures.

Mr Strauss-Kahn is due to reappear in court on Friday.

Prosecutors said they were concerned that Mr Strauss-Kahn might flee to France if released. Defence lawyers said Mr Strauss-Kahn denied the charges against him.

Mr Strauss-Kahn was pulled off a Paris-bound plane on Saturday and charged with a criminal sexual act, attempted rape and unlawful imprisonment in a scandal that appears to have all but ended his hopes of running for president of France.

His position within the Washington based IMF remains untouched at present however it is widely believed this case may lead to his downfall.

Mr Strauss-Kahn missed an important meeting in Brussels on Monday where the European Union unanimously voted in support of the €80 million bailout deal for Portugal.

Atrocity of `74 remembered in 2011, or is it?

The much publicised visit of Britain’s Queen Elizabeth the second will commence tomorrow, and in doing so it will see the first visit to Ireland by a British monarch since the country earned it’s independence in 1921. 

The newly elected government have opted to bring over the Queen and US President Barack Obama a week later to show the world that Ireland is open for business and that the country continues to be the land of ten thousand welcomes. 

The visit of Elizabeth Windsor has virtually locked down the entire region in and around Dublin City centre with severe traffic restrictions now in place and many places been closed off to the public. If last month’s Royal Wedding between Kate Middleton and Prince William was to show a new view of the royals as been closer to the people, then this visit totally contradicts that. Not one well wisher (and there are many) will be allowed a sniff of the very air the Queen breathes.

 There are many that will protest this visit of the British Monarch and rightly so. There are both right and wrong reasons for her making this trip along with British Prime Minister David Cameron. 

Beginning with the positive aspect of this historical visit, it has endeared our nation to the world. A nation, who fought for its freedom from its noisy neighbours and a nation that is now willing to move on and forget the violent turmoil of the past. Ireland view England as our greatest trade partners and Taoiseach Enda Kenny has continually labelled Ireland as open for business. The view of this visit has been largely positive by all corners of Irish society with a few exceptions. The trip may well enhance our business prospects with our friends from across the Irish sea, but perhaps the trip will do more bad than good.

 Possible terror on our streets, restricted movement for everybody, not too mention evoking terrible memories for many. 

The story of Ireland in the early part of the 1900s was best told through the tales of uprising and civil war, a battle for freedom and an identity of our own. Fast forward to 2011 and the story of Ireland is radically different. The Emerald Isle has gone from boom to bust in the space of ten years and now find’s itself subject to large influence by the International Monetary Fund and some of Europe’s bigger nations. Indeed we borrowed from Britain.

 With a huge loan of almost €80 billion to be paid back for our bailout, why, in these gloomy economic times, are we spending €30 million on the visit of the Queen and Obama when some sectors of our society are roaring out for investment. Our health system is a joke. Our unemployment level is a joke. Our leadership has, is and seemingly always will be a joke.

 Yes, tight security is essential owing to the large threat posed by dissident forces operating on this island but €30 million has essentially been thrown down the drain to have a British monarch parade on these shores. This is a symbolic trip but at this time Ireland needs more than this, much more. 

How significant is this trip? A lot of people have mentioned that this trip is highly significant for everyone involved with the country however few have spoken about it’s timing. 

May 17th 1974. Simultaneous bombings rip through Dublin and Monaghan leading to the death of 33 innocent civilians and wounding up to 300 more. It is alleged that the British government under the guidance of the Queen played a role in these bombings along with the Ulster Volunteer Force. 

What thought did the leaders of this country give to those 33 civilians who died that day when they invited the Queen over on the 37th anniversary of the attacks? Why dance on the graves of those innocent victims of the car bombing atrocities? Why not wait for a better time? Why not wait until the recession is over? 

No protests in Dublin will be allowed to go ahead while the Queen is here with Gardaì enforcing strict measures against potential protesters. No justice has ever been brought for the dead and the British government continue to withhold key files that the victim’s families so desperately crave. 

Those families have written a letter to the Queen and Cameron in an attempt for them to end the secrecy but will their letter ever get into the hands of the leading British figures?