Everyone probably realises by now that the IMF are telling the Irish government how to run the country. It was the IMF that wanted a Property Tax and the IMF pushed in the Water Charges too. The Personal Insolvency legislation has been instigated by the IMF and the IMF probably brought about the Property Price […]
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IMF
Public Sector Unions Agree Deal on Pay Cuts
An agreement has been reached between the government and the public service unions on cutting €1 billion off the public sector pay bill. (Despite some major trade unions walking out of negotiations) Some higher earning public sector staff will see their gross pay cut by at least 5.5% if the agreement is accepted. Pay will […]
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Will these IMF Suggested Cuts be in Budget 2013 ?
A recent report from the IMF titled “Ireland: Selected Issues” made some observations and comments on ” Medium-Term Fiscal Consolidation in Ireland”. There were a few suggestions in the report for possible cuts in spending – and it will be interesting to see if any of these cuts make an appearance in Budget 2013 which […]
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IMF Suggest Cuts to Welfare Benefits
The IMF has made some comments this week on the Irish economy in it’s “Article 4 Consultation” The IMF periodically has an in-depth discussion with each of its member countries about their economic policies. This exercise, known as an Article IV consultation, involves a detailed examination of fiscal, financial sector and other key policies from […]
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Bord Gais and other State Assets to Be Sold
As part of the IMF / EU bailout agreement – Ireland has agreed to sell off some of the state owned assets to raise funds. Four assets are being considered : a) Bord Gáis Energy – which supplies natural gas and electricity . (NOT Bord Gáis networks – which provides the pipelines .) b) Some […]
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