Austerity a ploy to secure our oil and gas

The idea of Ireland as a sovereign nation is folklore.

The failure of the government to challenge the imposition of massive private debt on the Irish people, as a result of conditions set by the IMF, will prolong austerity well into the future.

Both the IMF and the World Bank have a dubious history, as ‘lenders of last resort’ to the poorest nations. A common condition is asset-stripping, by way of privatisation of natural resources, water, electricity, gas and telecommunications, banking and much more, together with undue interference. This makes it all but impossible for those countries to stand on their own, leaving them with a cycle of debt, struggling to pay billions in interest payments year after year. This is exactly the position into which the European Union, with the collusion of France and Germany, together with other international agencies, has forced Ireland, a fellow-member State. To make matters worse, the Government has, yet again, ‘rubber-stamped’ the giveaway deal with the oil exploration companies, by issuing a further round of licences, brought in by the last lot of incompetent and corrupt ‘representatives of the Irish people’.