Board index » The IRISH PROPERTY BUBBLE » The Central Bank » IMF Watch (IRL)

Post new topic Reply to topic  [ 182 posts ]  [Go to page]   1, 2, 3, 4, 5 ... 13  Next
Author Message
 Post subject: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 9:17 am 
Offline
Under CAB Investigation

Joined: Jan 31, 2009
Posts: 1601
Indo: IMF to Cut Public Service Wages and Jobs

http://www.independent.ie/national-news ... 27268.html

Quote:
Thousands of public sector workers -- including teachers, gardai and nurses -- face wage cuts and possible redundancies as part of the new €100bn bailout package.

Massive cutbacks in the public sector wage bill -- which accounts for more than a third of all State spending -- are now seen as inevitable if the Government is to achieve savings targets outlined by IMF and ECB officials.

A draconian €6bn Budget is already on the cards, with tax hikes and savage spending and welfare cuts.

But these will not be enough to meet the harsh measures demanded by the IMF and ECB.



Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 9:31 am 
Offline
Under CAB Investigation
User avatar

Joined: Apr 24, 2007
Posts: 1947
you know, i don't like the premise of the IMF hit squad coming here and telling us what to do, But, our ruling/governing structure is so rotten and shot to shit that i'm actually excited they are here.

I hope they go through the system like a dose of epsoms.

Obviously we'll fuck it up again once they have gone, but its a good start.

_________________
We are experiencing the most profound global economic crisis in seventy years. As Martin Wolf observed in the Financial Times on January 7, this is the year in which the fate of the world economy will be determined, maybe for generations. Hopes that the globally unbalanced growth of the middle years of the decade can be restored are mistaken. The only question is about what will replace it.


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 9:32 am 
Offline
Planning Tribunal Attendee

Joined: Jun 5, 2008
Posts: 1499
Ok let's get things straight here

Guards will not be touched,
They will be needed, they will need to recruit.
We are royally fucked, pack your fucking bags.
Can't believe it. I don't know amymore

_________________
What condition was the property in for each of the properties you are saying the bottom is in for!


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 9:51 am 
Offline
Single Home Owner

Joined: Jul 16, 2009
Posts: 107
Hopefully the IMF will get in and slash the serious overpay to politicians and top paid civiil servants but i think it the government have been trying to avoid that.

As our government,civil service and structures have proven totally incompetent i would welcome a root and branch forced review as none of the politicians on either side have the cojones.

We can not support salaries or welfare way above the european average ..either we saddle the next generation or reduce it ..and more tax can be paid and have decent services.

Reduce tax breaks for pensions and property.

I suggest 30-40% of element form 40,000 to 100,000 reduction and 60% of salary above 100,000 reduction at
least ..end to pay off for politicians.
Reduce tax breaks for pensions and property.

reduce any state pension above 20,000 by 25% of first 20,000 and 50% there after.
10% of welfare across the board and 30-50% reduction in professional fees paid to lawyers ,accountants.

These cuts sholuld apply to semi states who should reduce their prices.

lets do it IMF as the other guys ain't got the cojones.


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 10:01 am 
Offline
Speculator

Joined: Oct 9, 2008
Posts: 423
Location: In Bertie's socialist paradise
I would prefer to think of it as another round in the benchmarking exercise


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 10:09 am 
Offline
Too Big to Fail

Joined: May 28, 2008
Posts: 3107
:lol: :lol: :lol: :lol:

the PS aren't out of bed yet to refute your obvious truths.

_________________
"I turned and rubbed my hands with glee. I always keep a tin of glee handy".... Spike Milligan


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 10:10 am 
Offline
Planning Tribunal Attendee

Joined: Jun 5, 2008
Posts: 1499
Won't matter guys ......100b guys

Work out the INTEREST payments on that , never mind the capital.

End game is in progress.

We are suppose to have approx 450b in debts outstanding.
We now have covered nearly 150b of them.
Only 300 to go.

_________________
What condition was the property in for each of the properties you are saying the bottom is in for!


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 10:14 am 
Offline
Too Big to Fail

Joined: May 28, 2008
Posts: 3107
Oh absolutely Faugh, as someone said here yesterday who gives a toss about something you can never pay back and didn't sign up for ?

_________________
"I turned and rubbed my hands with glee. I always keep a tin of glee handy".... Spike Milligan


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 10:29 am 
Offline
Too Big to Fail

Joined: Feb 21, 2008
Posts: 3646
FAUGH45568 wrote:
Work out the INTEREST payments on that

Less than 8%?

Remember this is just the money we need so we can borrow the money we need. It's like the loan from the credit union people would get to pay the deposit for the mortgage.


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 10:32 am 
Offline
Neo Landlord

Joined: Mar 29, 2010
Posts: 204
Duisigh wrote:
:lol: :lol: :lol: :lol:

the PS aren't out of bed yet to refute your obvious truths.


Ho ho.

Maybe they're working, unlike you private sector boys.


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 10:38 am 
Offline
Single Home Owner

Joined: Jul 16, 2010
Posts: 137
Many people will enjoy the kicking the public sector might be about to take. And no doubt that whole system is due a restructuring. But really, it's a small part of a big problem. It's the banks, stoopid.


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 10:40 am 
Offline
IMF'd

Joined: Sep 13, 2007
Posts: 31689
Location: Tullamore
jimmyoats1 wrote:
Duisigh wrote:
:lol: :lol: :lol: :lol:

the PS aren't out of bed yet to refute your obvious truths.


Ho ho.

Maybe they're working, unlike you private sector boys.

You mean, like, they still have jobs? Wow.

_________________
"It is impossible to design a system so perfect that no one needs to be good."

So long and thanks for all the fish.


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 10:42 am 
Offline
Too Big to Fail

Joined: Nov 28, 2006
Posts: 4764
superpiper wrote:
But, our ruling/governing structure is so rotten and shot to shit that i'm actually excited they are here.


I worry about someone who is excited by the arrival of the IMF. Truly.


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 10:46 am 
Offline
Single Home Owner
User avatar

Joined: Sep 10, 2010
Posts: 108
Location: Beaulieu-Sur-Merde
The Croke Park Agreement will only unravel if the government want to use the IMF in a good cop/bad cop pincer movement on the Permanent Elephant In The Room. The IMF really only care that the macro numbers tot up.

Up until they caved in to Croke Park, the government played a divide and conquer game by treating the semi-states as commercial entities and so not subject to the pay and pension cuts meted out the the rest of the public sector. It was a brilliant play, the civil service really didn't put up a fight, it's just that Lenihan lost the argument with Cowen for further cuts, so you got Croke Park.

ESB workers have enjoyed healthy pay rises over the last two years. The government knew it would be suicidal to go up against the likes of ESB and CIE who could easily bring the country to a standstill. So if they still have the appetite for reform then they'll use the IMF as a battering ram, since the IMF are known for their fondness for privatisation of state assets.

I'm pleased to see the IMF here, it's like the stuff you use to unblock a sink.


Top
 Profile  
 
 Post subject: Re: Indo: IMF to Cut Public Service Wages and Jobs
PostPosted: Fri Nov 19, 2010 10:51 am 
Offline
Nationalised

Joined: Sep 29, 2010
Posts: 8670
Location: London, innit
Ruari Quinn was on Newstalk asking/harassing Pat Carey about productivity targets (from Croke Park Deal), e.g. highlighting the fact that 20% of school leavers are illiterate and saying that the PS should hold on to their pay in return for improving that rate.

It didn't seem to occur to Ruari that any cohort with such pathetic performance was overpaid in the first place


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 182 posts ]  [Go to page]   1, 2, 3, 4, 5 ... 13  Next

    Board index » The IRISH PROPERTY BUBBLE » The Central Bank » IMF Watch (IRL)

Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  

Click for Latest Posts LATEST POSTS Click for Forum List FORUMS

Click for Latest PostsFollow, Retweet @dailypinster

- Pyramid Built, Is Better Built!