The IMF is a private banking cartel who have financed military dictatorships and the corporate takeover of natural resources - the massive renewable energy resources in and around Ireland are under threat of takeover from international banksters.
http://www.youtube.com/watch?v=qNEoOvMd8-Q
See also A Global Justice Perspective on the Irish EU-IMF Loans: Lessons From the Wider World
http://www.irishleftreview.org/2010/12/03/global-justice-perspective-irish-euimf-loans-lessons-wider-world/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+irishleftreview%2Ffeed+%28Irish+Left+Review%29&utm_content=FaceBook
McWilliams suggests a debt for equity swap, but that does not address the loss of Irish economic sovereignty. This could be viewed as an attempt by the ECB/IMF international banking cartel to gain access to resources, save their flawed debt-based monetary system, and as a fruitless attempt to save the doomed Euro (which will crash if Ireland does not accept a bailout). Ireland must default on this so-called state debt (bank bondholder debt, it is unpayable and it is not the responsibility of the people of Ireland to pay for the losses of International bond holders. Ireland must default sooner or later there is no other option.
http://www.davidmcwilliams.ie/2010/11/22/have-we-learnt-nothing-2
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