November 22, 2010
In Dublin, Ireland, people are not taking the IMF invasion sitting down. On Monday, November 22, around 50 Irish demonstrators attempted to stage a sit-down at a government building and protest the sell-out of the country to the international bankers.
BBC video footage shows what happened. The local gardaí (Irish cops) were dispatched to prevent the demonstrators, including Aengus Ó Snodaigh of Sinn Féin, from getting near the government buildings.
“Police drew batons and hit protesters who attempted to stage a sit-in inside the grounds,” the Irish Times reported this afternoon.
Earlier in the day the Irish government officially submitted to the IMF. Markets were staggered by a second banker bailout and the prospect that the contagion will quickly spread. Spain and Portugal will soon require bailouts.
The emergency bailout for Ireland is said to be in the region of between €80 billion and €90 billion. Greece was the recipient of an €110 billion bailout in May, reports Finance Markets.
Ireland’s austerity plan approved by the IMF will be unveiled on Tuesday. The Irish government said that the still-confidential plan was endorsed by experts from International Monetary Fund, European Commission and European Central Bank, who met last Thursday on Dublin to begin poring over the accounts of the government, treasury and banks, What is the Trend reports.
The euro was at $1.3624 late Monday, down from $1.3691 late Friday, according to Dow Jones Newswires.
Gold held its own amidst the gathering storm. "The precious metals have good support, as the situation in Europe is still unstable despite the rescue package," a trader based in Hong Kong told Reuters. "It has attracted funds in safe-haven buying."
– Kurt Nimmo edits Infowars.com. He is the author of Another Day in the Empire: Life In Neoconservative America.
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This article was posted: Monday, November 22, 2010 at 11:43 pm