Ireland Sells Out Its People To UK, Germany Bankers, Will Apply For Rescue Tonight
by Tyler Durden
And so the can has been kicked down the road one more time as Ireland’s Brian Lenihan has just sold out his country to the IMF, the ECB and the Fed for a few extra years of puppet control. RTE reports that EU Finance Ministers are due to hold a conference call later this evening during which Ireland is expected to make a formal request for a financial rescue package. What is not discussed is how the Irish people, now likely furious at being manipulated over a lost cause will express their anger over being the latest sheep used to bail out Europe’s ever more insolvent banking system. They can at least sleep soundly, that they won’t be the last. After today’s rescue of Ireland, the vigilantes will focus their undivided attention on Portugal and Spain – perhaps these two countries will be a little less timid when it comes to rescuing Germany’s banking oligarchy.
EU Finance Ministers are due to hold a conference call later this evening during which Ireland is expected to make a formal request for a financial rescue package.
An EU source said the request would be approved during the call.
It follows confirmation by Minister for Finance Brian Lenihan that he would be recommending to the Cabinet this afternoon that an application be made to the European Union and the International Monetary Fund.
Speaking on RTÉ’s This Week, Mr Lenihan said he will propose the application to this afternoon’s meeting of the Cabinet.
The Minister confirmed that discussions with the agencies had concluded yesterday evening.
Ireland will now be formally applying for a rescue programme and formal negotiations will begin.
He confirmed that the amount of money involved amounted to ‘tens of billions’ of euros but denied suggestions it would be as much as €70 or €80bn.
Also, remember Paulson’s bazooka dud? It’s baaack.