Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts

Saturday, 21 April 2012

WHY HAS OSBORNE PLEDGED A FURTHER £10 BILLION TO THE IMF?

A sly looking bastard if ever I saw one!


Just why has osborne pledged another £10 billion of our money to the IMF, which in turn is supporting the Eurozone.

The IMF is set up to help out individual countries like in  Africa to develop their economies.  It is not their job to prop up the Euro which is plainly on it's way out.  That is why the USA has NOT pledged any more money to the IMF, because it knows when the Euro goes down the tubes as will happen sooner or later, there is a good chance they won't get their money back.  I very rarely agree with anything Ed Balls says but this time he is right.

The IMF has a vital role to play in the global economy and must be properly resourced. But the IMF’s job is to support individual countries with solvency crises, not to support a whole monetary union which cannot agree the necessary steps to maintain itself. The IMF cannot and should not become the de facto central bank of the euro area.

It's come to a pretty pass, when a supposed Euro sceptic party is propping up a Euro system that can't survive.  When are these fuckers going to stand up for Britain???