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With the IMF in Ireland, a WSM member has written a song of 'welcome', a recording of which and the lyrics of which are below. For international readers "céad míle fáilte" means "A Hundred Thousand Welcomes" and is a traditional greeting now strongly associated with the tourist industry. You can read WSM articles about the IMF intervention and the economic crash that led to it in our Capitalist Crisis article listing.
Céad míle fáilte - To the IMF
We hope we meet you on the streets - To fight you to the death.
And we know how you got here - Back room deal and open arms
As you try to suck the life from us - With your structural reforms
In a further escalation of police repression against anti-bailout protesters, a motorbike Garda attacked at least two Sinn Féin TDs (elected members of the Irish parliament) in front of the world's TV cameras today. The TDs were attempting to push back a small number of demonstrators who had pushed through the gates of government buildings. From TV footage the demonstration seems to have been mostly composed of fellow members of Sinn Féin.
Eric Cantona, French actor and former footballer, has recently been calling for a run on the banks. The idea is that the bankers generated this crisis and since our democratic institutions are either incapable or unwilling to hold the bankers accountable, we should take matters into our own hands.
The only way to stop cuts is to stand up now
I was disappointed to read that the editorial of this paper (Belfast Telegraph November 11) has pinned the blame of the student riots in London on ‘anarchist elements’. Firstly this assumption is based on a misguided view that students are incapable of acting in there own interests and underestimates the genuine anger and frustration out there.
The government is to launch an all out attack on the living standards of the working class. The four year plan outlines a cut in the minimum wage, water charges, a household tax, a 5% cut in welfare payments, taxing of low wage workers, an €1000 increase in college fees, and cutting of 20,000 jobs.
Technical, Engineering & Electrical Union (TEEU) call for a campaign of civil disobedience. Union members overwhelmingly endorsed the emergency motion at their conference this morning.
Why is the director of the IMF complaining that the rate of progress of the IMF negotiations in Dublin is going too slowly? What's wrong with this picture? The answer is nothing, so long as you understand that the IMF are not the driving force in these negotiations.
Despite the newpaper headlines, what is happening is not an IMF bailout. This is a European debt restructuring process in which the IMF are playing a merely supportive role as consultants. This is a Eurozone process and although the political masters of the Eurozone, through their EU Commissioners, have the final say on passing or vetoing the final agreement, the true driving force behind this process is the ECB.
Even the Irish Times has now editorialized against the IMF intervention but, like most of the emerging mainstream concerns, the Times is not concerned about the cuts in jobs, wages and welfare that the IMF will be used to impose. No, their concern is for the loss of 'sovereignty' as IMF intervention results in a rise in populist cross-class nationalism, a tide which ironically the ruling party, which is bringing in the IMF to make the cuts it would like to, will be best placed to ride.
Rag celebrates the launch of our 5th annual magazine with a Queer Anarchafeminist Cabaret. Food, feminists reading magazines, dancing, music fun fun fun fun.
It's now official, the Irish state is in talks with the EU and the IMF about a so called 'rescue plan' to bail out the Irish capitalist class from the disaster created by the international crash of the capitalist economic system. A crisis that was magnified in Ireland by the corruption of local crony capitalism on the one hand and the dependency of the economy on 'globalization' on the other. Trapped between such a cast of crooks and idiots it is perhaps not surprising that many in Ireland hope things will be improved when the running of our lives will be handed over to those who many hope might have a clue.