Nov 18 2010

EU and IMF Arrive in Ireland

Category: BusinessTeknovis @ 17:59

The inevitable has finally happened – the EU and the IMF have arrived in Ireland to try to resolve the Irish mess. SeeĀ 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!