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Press Release No. 10/441
November 16, 2010
A spokesperson for the International Monetary Fund (IMF) issued the following statement today on Ireland:
"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."
We should tell the ECB to sort out the bank debt and leave the citizens out of it.
From a simplistic point of view (which is about all I got on this issue), is it safe to say that
the govenment bailing out the Irish banks with an unlimited guarantee despite (if i remember correctly) the general consensus at the time being that this would be a terrible idea, has fucked the country up?
How far into the next year are countries usually 'funded' anyway?
How far into the next year are countries usually 'funded' anyway?
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