Sounds like the IMF are on our side…ECB are doing what they have been doing all along..protecting European bankers at any cost…least the whole issue is on the table for discussion.

We should go to the IMF and request help. Default on the 30 billion odd the ECB lent us to prop up foreign banks and bond holders. If the ECB want to prop up failed banks let them do it with there own money.

Let the bondholders burn!

Good cop, bad cop comes to mind.

Howlin says we got green light to use proceeds of state asset sake for job creation e c b says let’s have a look at the plan first.
So what credibility does that give press conference ?
Howlin another spoofer

“The comments came a day after Michael Noonan had told an audience of German bankers that Ireland would not require “private sector involvement” in meeting the costs of saving the banking sector.”
Well that’s strange, seeing as they were involved in screwing up the banking sector in the first place…

As long as Noonan personally owns German bonds (and he DOES), they won’t be burned?

It seems like the IMF would give us a much better deal by themselves. Is there any credit in the idea of taking a second bailout from just the IMF to pay off the ECB and then burn bond holders under the terms of the second bailout without the ECB on our backs?

“Spilling into other countries” I think that means sharing the European problems with Europe? Its pretty clear that the ECB do not want the losses as it would (mildly) affect Germany and France etc. who are relatively unscathed from this. Ireland has been and still is a scapegoat and our spineless government are doing NOTHING about it, its disgraceful and shameful. Write off the unguaranteed debt pay back the sovereign debt, reform the banks, stop the ridiculous payments in the public sector and semi-state controlled sector (and im not talking about the ordinary workers), means test child benefits, invest in a job creation strategy, help local companies etc. but most importantly grow a backbone!

Ok, who lent us more money? The IMF or the EU? Maybe if the IMF are owed more they should be who we side with.

Time for a ‘bondfire’ of the vanities.

Burn the feckers and please put Michael “Young emigrants ‘not driven away by unemployment” Noonan on TOP of the fire, he’s nothing but a disgrace to this country.
How could that fecker make such a statement.

“The roof, the roof, the roof is on fire. We don’t need no water, let the mother fuckers burn, burn mother fuckers, burn “

The troika can feck off!

Am still waiting for an explanation from the Troika as to why they have allowed Enda and co to go well over the pay cap of 92k. for their assistants. Why have no journalists asked them ?

Exactly, Michael. For those who see the IMF as some sort of soft-option answer to Ireland’s ills, think again: http://weonlywanttheearth.blogspot.com/2011/05/critique-of-imf.html?m=1

Burn the lot of them. Petrol , matches, ppoooff.

Jaysus that ould contagion argument is wearing a bit thin at this stage! Look into my eyes, look into my eyes, only you Ireland can save europe….. you’re good europeans……. on the count of three you will wake up and we’ll have taken everything but you feel good ‘cos you Ireland have saved the day……….. 3………. (shite it didn’t work, they’re still asleep?!?!?!?)

Watch Vincent Brown tonight his question to the EU/ECB/IMF lads is amazing they had no reply none at all

It becomes more and more obvious each day that neither the european governments, the ECB, nor the IMF have a viable solution to the economic problems of europe and the rest of the world. This is because they refuse to contemplate any solution that falls outside of the present system of economics. Their “solutions” are akin to giving a cancer patient painkillers but refusing them chemotherapy because it hasn’t been tried before. They refuse to recognise that the system within which they work and from which they try to find solutions is the cause of the problems. Any solution they create will be merely palliative and at best will kick the can down the road for a short time. But eventually you run out of road.

They are like goldfish living in a bowl who believe that the world outside has no straight lines, only curves and people have huge heads and small bodies. They will retain this belief until they step out of their bowl and see what the world looks like outside of the curvature of the glass. Do not expect any solutions from them as they are incapable of seeing them. The long term solution will only come when the endgame has been played, when they realise that they are in checkmate and the only option left is to resign and leave the table. Until that happens, until there is a crash so big that it affects the very fundamental ideas of how we conduct ourselves on this planet, what it means to be rich and poor, what democracy means, we will continue in this boom bust cycle of economics fuelled by monopoly money created by the banking system.

Politicians no longer lead, if they ever did in the first place. They serve merely as scapegoats on whom the public can vent their anger in times like this. They act as bodyguards for the 1% who are really in control. When was the last time you can remember a politician acting purely in the public interest with no thought of the personal consequences? Who controls the nation these days, the people, the government, the ECB, IMF? Or is it the bondholders, the faceless “markets” and the ratings agencies they own. In such a world what does it mean to be a nation, what is independence if not just a word?

A nation should be the sum of its people, their shared beliefs, hopes and aspirations. When times are hard then everyone in the nation should pull together, the strong lending a shoulder to the weak, the rich reaching out to the poor. But there are no such nations in the world today, we are collections of individuals sharing geographical space fighting among ourselves for a larger share of that space that is left after the select few have taken their lion’s share. We are not “the 99%” we are each one of us 1% of the 99%. We are the suffering silent majority that endure in the vain hope that somewhere, someone will appear who can lead us to the promised land. So far the position remains vacant.

Just listen to the wording! “they are now willing to allow Ireland” who is running this country??