The End of the European Dream | 276 comments (274 topical, 2 editorial, 0 hidden)

Re: I'm enormously dubious of this report (4.00 / 3)

That was my hypothesis about IMF involvement. Bringing in the IMF allows them the option of hiding behind Uncle Sam's pantleg.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Mon May 9th, 2011 at 08:26:54 AM EST
[ Parent ]

Re: I'm enormously dubious of this report (4.00 / 3)

But Morgan Kelly's argument is that the IMF was a good deal more realistic and sympathetic to Ireland's case than the ECB and that the subsequent deal was almost as much an embarrassment to the IMF as the ECB. If we have to identify a bad guy here, it is the unidimensional mandate and determination of the ECB to protect bondholders at all costs and put price stability above employment or structural balance within the EDurozone.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Mon May 9th, 2011 at 03:43:20 PM EST
[ Parent ]

Re: I'm enormously dubious of this report (4.00 / 2)

That's my recollection and my view, too, because it seemed obvious that the moment things went to shit in Greece/Ireland/wherever -- as we all said they would -- the anti-IMF chants would start and many would immediately fall for it.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Mon May 9th, 2011 at 05:19:46 PM EST
[ Parent ]

Re: I'm enormously dubious of this report (none / 0)

I don't think you and rootless2 agree on the extent of US influence on the IMF.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon May 9th, 2011 at 04:06:34 PM EST
[ Parent ]

Re: I'm enormously dubious of this report (4.00 / 2)

I've no idea, but I don't think it matters much. The plans for Greece and Ireland was laid out broadly before the IMF got involved. In fact, I seem to recall Colman posting something about the IMF saying that completely destroying Greece and Ireland probably wasn't a terribly awesome idea, to which I responded with something to the effect of "When the IMF is the sane one in the room, you know things are fucked up" or something.

The fact that we're even having this conversation is exactly why I didn't want the IMF involved.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Mon May 9th, 2011 at 05:12:24 PM EST
[ Parent ]

The End of the European Dream | 276 comments (274 topical, 2 editorial, 0 hidden)

Top Diaries

Ireland 2023 Rugby World Cup Squad selected

Integrating Ukraine Into NATO Family

Leinster's demise and Munster's hope

Southern Irish disinterest in Northern Ireland affairs

The end is Nigh?

Joe Biden. America's Interventionist Hero

The law of conservation of transness

Recent Diaries

June 2023

Ireland 2023 Rugby World Cup Squad selected

Integrating Ukraine Into NATO Family

Southern Irish disinterest in Northern Ireland affairs

Incident Ukrainian War Display Gets Int'l Attention

German Climate Activists Group Outlawed

Leinster's demise and Munster's hope

Joe Biden. America's Interventionist Hero

Targeted Assassinations: a Bankrupt Strategy

The end is Nigh?

Hijacking Peace by Zelensky for War Escalation

UA Drone Attack On Moscow

Rightwing Operation New EU 'Enlightenment’

May 2023

The law of conservation of transness

US Provoked Conflict In Europe

U.S. Will Be Ousted From Middle-East

Settler Extremism Blessed by Jerusalem Leaders

Occasional Series