IMF delays Irish loan after new vote announced
Govt decides to seek another motion of confidence
The International Monetary Fund (IMF) had delayed its funding for Ireland after the government decided to put the package to a further vote of confidence on Wednesday next.
International markets as well as the IMF reacted negatively to the Irish government move and there was strong criticism of the action
Most believed that the package was in place after the cost cutting budget by the current government was approved.
However, in a further step in what is seen as a political gambit to force the opposition parties to approve of the deal, the government decided to put the IMF package to a vote.
This however may now come back to haunt them.
The IMF statement read “The authorities have informed us that while parliamentary approval of the EU-IMF support package is not legally required, the Irish Government has put the motion before parliament to strengthen political support for the agreement,” the spokesman said.
“In deference to Ireland’s parliamentary process the IMF has decided to postpone consideration by its board of the proposed loan under the extended fund facility until after the debate.”
Fine Gael leader Enda Kenny expressed deep concern “This is causing serious international concern . . . what are the implications for the agreement if the vote is lost?”
The Minister for Finance stated the bill would pass but last night a government backbencher, Mattie McGarth stated he was unlikely to vote for it causing further concern.
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Oh thank God, it was a prostitute; I had thought you said protestant. ;)An open letter in strong defence of capitalism to Pope Francis
I don't know, have I missed something here? When Jefferson says that, "Government is best which governs least" Isn't that saying that democrIrish drugs mule to escape full trial and benefit from early release in Peru
I'm not sure i agree higginsmh, if they were cocky and dumb enough to do it once, wouldnt surprise me if they try some other stupid stunt next. TheyTop Christmas Irish ads that will be bring a tear to your eye (VIDEOS)
The song "Make Someone Happy" on the Vodafone commercials sounds like it is being sung by the late great Jimmy Durante.