Fine Gael and a increasingly unsure Labour Party are saying that any alternative to compliance with the terms of the IMF/EU deal is a reckless gamble. Vincent Brown (whether mischievously or otherwise) rounded on Eoin O Broin of Sinn Fein on the basis that burning the bondholders and the strategy that SF is advocating would see us unable to pay public servants, including the Gardaí, within a year or so. Scaremongering, in other words.
None of us have a crystal ball, but it seems to be that it is entirely reasonable to go back to the major European governments - the movers behind the deal - and outline in clear terms that we are not going to subject our people to this level of misery over a prolonged period and we are not going to be restricted in our ability to invest in job creation, if the democratic will of our people is to vote for parties that advocate this approach.
And there's the rub. Are we saying that advocating anything other than an agenda suitable to the IMF - a conservative and deregulated economic approach - like the one that facilitated the runaway banks for example-is tantamount to a reckless gamble? So that's it. Its the same political and economic approach or nothing. That's the real danger here and it needs to be challenged. The IMF and EU don't see Fine Gael challenging and, alas, Labour seem to be moving towards the continuation of this right wing agenda too, though I suspect that they are wobbling. I hope so
Vincent,
ReplyDeleteyou are right on the money, or lack of it, as far as this economy is concerned. However, it is not what Eoin O Broin says is the problem. While he is right he is vulnerable because the party leader is very weak on the economic question. That leaves the rest of the party spokespeople having to clean up after him rather than getting the message out.
T
Fair point.
ReplyDelete