Gonzalo Lira: If Ireland Doesn’t Take The Bailout . . .
However, we have a long week ahead of us—a very lo-o-o-o-ong week, to be sure. Because although this is the deal that’s been approved by the EU finance ministers, the deal negotiated by the Cowen government, there is one final hurdle to this bailout:
The Irish. Specifically, the Irish parliament.
The key date that’s coming up insofar as Ireland is concerned is December 7: “A date which will live in infamy!” really is living up to its moniker, because that’s the day the Irish are supposed to pass their budget—their budget with the EU/IMF bailout conditions: The Austerity Budget.
Now, here’s a question—the obvious question:
What if the Irish can’t—or won’t—pass the austerity budget?
What if the Irish don’t take the bailout?
December 7 is also World Bank Run day ... show the banksters and the politicians what you think!
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Another blog of interest
www.consumervscorporations.blogspot.com
If the Irish don't take the bailout, EU is screwed. That's how it is.
my friends,
they will pass the budget.
but as we in greece, you are alone against all the bunksters of the world.only the people can win
this battle.your parlament memmbers are puppets like our traitors.i hope im wrong.sorry for bad english.
Greetings from Greece!
sakis
I'm amazed there hasn't been a run on these banks yet? Or has there? My money would be out of Allied Irish et al for sure. Does anyone remember Northern Rock?
If the Irish take this budget, heads will roll, believe me, heads will roll. Literally.
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Amidst the litany of bad economic news about Ireland over the past three years, sometimes it can be hard to see the wood for the trees - or in our case, see the smouldering charcoal for the forest fire.
Wouldn't it make more sense to approve the budget, put the first tranche in the bank - but which one? - and then default.
The first outing for the EFSF mechanism - or whatever it is called today - could be the fastest derailment in EU history.
make sure that they know the facts so that they can correct inaccuracies and keep people up to date with what is happening
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This article is mainly for the Irish. People from outside Ireland, many of whom are even bankers themselves, do not know about this bailout scheme and its implication to Ireland. As expected by the EU financial geniuses, the Irish will pass the austerity budget.
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