The IMF-ECB 'bailout' is the best deal

The IMF are not hear to rescue us from our inept politicians. When the IMF pumps money into a struggling economy, they're not trying to help its people cope with hard times. Their goal is to protect foreign banks who would take a hit if Ireland defaulted on its loans. This has been the pattern ever since the first big bailout organised by the IMF when Mexico was about to default in the 1980s. "Privatise, privatise, and privatise again" is one of the IMF mantras, and that usually means selling off the assets of the State at fire-sale prices to foreign companies.