Nov 18 2010
EU and IMF Arrive in Ireland
The inevitable has finally happened – the EU and the IMF have arrived in Ireland to try to resolve the Irish mess. See Talks with IMF to begin tomorrow for more details.
Personally, I am relieved to see them arrive. I think that our inept politicians are not the right people to be trying to fix this mess for the following reasons:
- They are generally inexperienced and uneducated in financial matters (The minister for finance is a solicitor!).
- They oversaw the demise.
- They act primarily in the interest of their developer and banker supporters.
- They are unable to stand-up to a very loud civil service that is only interested in its own welfare.
I expect to see real, and long overdue, reform now!