So, it could be a very naive question but I've yet to hear reasons why IMF/ECB calling the shots will be so bad. Apparently the IMF was also called to sort out Britain's finances in 1976 (although I'm not sure how they compared with our situation).
Yes, there'll be enormous cuts, but now won't Fianna Fáil have an outsider to blame for doing what Fianna Fáil was promising to do to us anyway. What else will be different?
Without being cynical, could Fianna Fáil be so against IMF/ECB involvement because they're afraid that it will be revealed that our economy is much worse than we have thus far thought it is?
Enlighten me, please.