Reply #77: IMF Urges Ireland to Suffer to Appease Banksters [View All]

[ozymandius]

They must think Irish citizens are stupid.

From Reuters:

(Reuters) - Ireland should gradually lower unemployment benefits and cut the level of its minimum wage in order to boost employment, the International Monetary Fund said in a paper released on Monday.

The paper, approved by Ajai Chopra, the IMF's mission chief negotiating terms of a joint rescue package with the EU in Dublin, said Ireland should introduce stricter job search requirements, give more resources to unemployment agencies to promote job search assistance, and review the level of minimum wage to make it consistent with a general fall in wages.

more

To recap:

• lower the minimum wage;
• decrease unemployment benefits to match the general fall in wages;
• improve competitiveness to promote exports
• blah blah blah
• blah blah blah
• become our slaves

By "general fall in wages" are they excluding bankster wages? It does not take a genius to see in which direction wealth extraction flows.