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!