IMF / EU Commission – Here As Agents For Financial Market Vampires

Simply put, the IMF, EU Commission and ECB are in Dublin today to carry out the dictats of the economic vampires in the Financial Markets. These faceless, unelected and unaccountable speculators seeking mega profits on the backs of working people have orchestrated the current crisis to force a bail out which secures their bad gambling debts.

Simply put, the IMF, EU Commission and ECB are in Dublin today to carry out the dictats of the economic vampires in the Financial Markets. These faceless, unelected and unaccountable speculators seeking mega profits on the backs of working people have orchestrated the current crisis to force a bail out which secures their bad gambling debts.

The International Monetary Fund has an inglorious history of leaving a wake of economic, social and political disasters in Africa, Asia and Latin America in the 1980s/1990s with their Structural Adjustment Programmes. Essentially they acted as shock troops for neo liberal capitalism imposing wholesale privatisation of public services and companies, deregulation and liberalisation in favour of European and American big business and savage cuts in social spending – all leading to major suffering for workers and the poor in the target countries.

What an incredible sight to see the whole of the EU political establishment who endlessly boast about European democratic values in full flight before the speculators, bondholders and hedge fund operators who constitute the ‘markets’ which now exercise economic dictatorship over 500 million Europeans and especially over the working class of Greece, Spain, Portugal and Ireland.

The Irish and European financial system is broken, morally and in every other way. It is time for full public ownership with democratic control and direction to serve the needs of society rather than gorge the appetites for mega profits of the financial marketeers.

Total
0
Shares
Previous Article

Hostages to the Bond Holders!

Next Article

“Back street” abortion drug risk

Related Posts
Read More

Phil Hogan Confronted in Limerick

Household Tax is Highway Robbery

Minister Phil Hogan visited Limerick last Friday, and was confronted by a masked robber who exclaimed: "Stand and Deliver: Household Tax, Highway Robbery!" The protest, organised by the Limerick branch of the Campaign Against Household & Water Taxes got great media coverage locally and nationally, and ensured Hogan's didn't go unchallenged on his trip to Limerick.

Read More

Why this really is an Austerity Treaty

The opening salvos of the debate about the Fiscal Treaty from the right-wing political parties and the establishment media have attempted to ridicule the argument that this is an Austerity Treaty. Leo Varadkar called on the Socialist Party not to "lie about the treaty and what it's about" (quite a serious charge, especially considering it's over a week since I wrote to him seeking a public debate and have received no reply!).