There is a news story this morning in which a public service union leader has warned that the IMF may be brought in to manage the Irish economy if spending cannot be curtailed.
http://www.rte.ie/news/2009/0113/economy.html
The IMF have a long and sad history of pulverising economies that they were brought in to “help”. Surely we are not that desperate yet? And if that is the case and the IMF do come in, what are the likely implications for property prices, employment, wage levels etc. Would we be looking at a bankrupt generation of citizens?
http://www.rte.ie/news/2009/0113/economy.html
The IMF have a long and sad history of pulverising economies that they were brought in to “help”. Surely we are not that desperate yet? And if that is the case and the IMF do come in, what are the likely implications for property prices, employment, wage levels etc. Would we be looking at a bankrupt generation of citizens?