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**Peptobismol** · 07-08-2012, 10:06 AM

It is NOT the NORM for Westminster Govt to pursue agreement without parliamentary approval. Some agreement is exempted but not all.

Most major decisions have to go through parliamentary approval, especially when it involves great amount of taxpayers' monies.

Text book or no text book, IMF is the MOST RISKY institution and it is NOT suitable for investment purpose. Would you invest or make loans to a bank which keeps making loans to companies which are near bankruptcy?

Goh Meng Seng

I think you read the constitution differently. All Westminster governments are allowed to pursue agreements and non-parliamentary approval is the norm. The more appropriate issue is what the IMF is doing with its increased funding.

You should go back to your economic textbooks of IMF abilities and needs of funds.

07-08-2012, 10:06 AM	#14
Peptobismol Join Date Oct 2005 Age 58 Posts 4,386 Senior Member	It is NOT the NORM for Westminster Govt to pursue agreement without parliamentary approval. Some agreement is exempted but not all. Most major decisions have to go through parliamentary approval, especially when it involves great amount of taxpayers' monies. Text book or no text book, IMF is the MOST RISKY institution and it is NOT suitable for investment purpose. Would you invest or make loans to a bank which keeps making loans to companies which are near bankruptcy? Goh Meng Seng I think you read the constitution differently. All Westminster governments are allowed to pursue agreements and non-parliamentary approval is the norm. The more appropriate issue is what the IMF is doing with its increased funding. You should go back to your economic textbooks of IMF abilities and needs of funds.
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