IMF arrival does not transform yesterday's enemies into today's friends

andrew
Fri, 19 Nov 2010 15:20:58 +0000
Capitalist crisis, IMF, Economy, National, Opinion, Analysis

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.