Are you expecting too much from the IMF??? Note in greece, the IMF have left it up to the government to make the cuts and the have failed to do so! Leaving them in a worse situation now than they were in April/May...
I just think its sad in terms of the affect it has and will have for a very long time...
It was a bit like being at the bedside of someone in ICU, not knowing if they were going to make it or not ,all the signs were that they have little chance of survival, and yet the experts/Doctors keep telling you not to worry they have it all under control , the person will be given medications and it will take time and the medicine doesn't taste too nice,but he will be fine..
Each day /Month and year that goes by, you see the person going downhill, you ask for reassurance and the experts /Doctors put a plaster on the patient ,and reassure you once again not to worry that all will be fine,that nothing can go wrong now that the patient has both a plaster and medication..
A year later, You are in the hospital canteen,there huddled in a corner is a group of consultants talking about the patient and you overhear them saying this is fatal,we need to intervene..you become more concerned and start to make preparations for the inevitable, you speak to the experts/doctors,but yet the expert/doctors insist the consultants are wrong,that you are wrong to be concerned, the person will survive.You are causing a fuss over nothing and they know what's best.Despite the fact that the patient has now lost conciousness..
Then as you attend the hospital one day, you see funeral bearers arrive..you ask why they are there ,is it for the patient you know in ICU, The expert,doctors tell you that they are not here for this reason but just in case you might like to discuss flower arrangements...Now you start to feel very insecure,all the signs are pointing to one thing,and yet you are relying on the experts/doctors as they have all the knowledge and power..you are beginning to feel powerless.
Then as you walk along the hospital corridor the hospital chiefs office door is open and he sees how frustrated and worried you look and decides to tell you what the real situation is, that it is in fact terminal, and now the treatment for the patent will be so severe that the cure may be worse than the illness.
Then today arrives, and as you stand by the graveside watching the coffin being put into the grave by the funeral bearers , the doctors/experts are helping to throw the clay on top of it..
The same doctors/experts sympathise with you and tell you ,we didn't inform you of how grave the situation ,because you are way to stupid to handle the truth,it was for your own good.
They then tell you that YOU shouldn't be ashamed that the patient died.
You then have a decision to make, would you use the same doctors/experts.
You are left with something tangible..its called IMF..its my fault...
that was Pat Carey sunrock! Although Pat Neary, the former (light-touch) financial regulator, could've done with a similar tongue lashing IMO.
Majee
I stand corrected
Must have been subliminal as mr neary deserves more than the hair dryer..he needs to be exposed to a hotter machine.
Its appaling that our government can`t be honest with the Irish people.You can be sure that behind closed doors they are being much more upfront and humble to the IMF/ECB.
No wonder they couldn`t start austerity measures 2 years ago as they lied and spinned to the irish people.They are really treating us with contempt and insulting our intelligence, even lying about the role of the officials in dublin, when we all know that they are here to bail us out and dictate austerity measures.
honorable idiots like Jackie Healy Rae and Michael Lowry
personally I wouldn't be so pessimistic. About 20 months ago I started a thread on AAM called something like "what would be so bad about the IMF" and a lot of the feedback was shock horror and bewilderment. Yesterday they had a poll on WhineLine where 62% of people felt better now the IMF are here.
"...The most difficult situation that ordinary people (and markets for that matter) can face is uncertainty ..."
"...The IMF can bring certainty to the party..."
Roy
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