IMF in Ireland

Statement from the IMF  (international Monetary Fund)

“We welcome the intention of the Irish authorities to implement a decisive multi-year fiscal plan and measures to bolster and strengthen its financial sector. At the request of the Irish authorities, an IMF team will participate in a short and focused consultation, together with the European Commission, and the ECB, in order to determine the best way to provide any necessary support to address market risks.”

What do the IMF do? In their own words …. this is a summary …

IMF keeps track of the economic health of its member countries, alerting them to risks on the horizon and providing policy advice. It also lends to countries in difficulty, and provides technical assistance and training to help countries improve economic management.”

The managing director of the IMF – 61 year old Dominique Strauss-Kahn recently said:

You have to imagine the IMF as a doctor, the money is the medicine. But the countries — the patients — have to change their habits if they want to recover. It doesn’t work any other way.”

Let’s hope Ireland and our politicians will take the medicine and change their habits.  Ireland has only had independence for less than 90 years – and somehow the country is on the verge of financial ruin due to greed , incompetence and probably criminal activity.