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IMF diktat to Greece is forewarning of what is to come - Ferris

18 February, 2011 - by Martin Ferris TD


Sinn Féin Spokesperson for Marine and Natural resources, Martin Ferris has said that the order by IMF/EU officials to the Greek Government to sell off €50 billion in state assets provides a forewarning of what is to come down the road if the bailout is adhered to. The Greek PASOK government, one of Labour’s sister parties in the European parliament, has already promised to sell off €7 billion in state assets, and has introduced a savage series of cuts. They are now under pressure to sell off airports and public amenities to multi national corporations.

The North Kerry North/ West Limerick TD said:

“What is happening in Greece is what will happen here unless the IMF/EU bailout is rejected. Wages and public services have been slashed and now the social democratic government is being told to sell off the state to privateers.

“The Memorandum of Understanding, which Olli Rehn has said is binding on the Irish state, outlines a timetable to examine the sell of off state companies. Fianna Fáil, Labour and Fine Gael are all committed to adhering to the IMF/EU bailout.

“The only choice here is to reject the bank bailout and reclaim our sovereignty from the clutches of the EU and the IMF and to throw off the massive and unsustainable bank debt.” ENDS

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