Thursday 27 July 2017

Beware IMF -- a wolf in sheep's clothing

Photo: PA
Photo: PA

NEWS that the IMF may take control of the Irish economy should send warning signals to everyone.

Not just because it is a sign of economic collapse, but because the IMF only goes in to a country when the country has something they want.

In our case, the fact that we have the largest untapped oil and gas reserves in Europe off our Atlantic coast makes us an ideal target. These resources make us potentially as wealthy as an Arabian Gulf oil emirate, yet in the current climate of despair we are likely to give away our resources in return for getting the funds to shore up our economy.

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