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It's all going according to plan... apparently

  • 09-02-2011 8:24pm
    #1
    later12
    Closed Accounts Posts: 11,299 ✭✭✭✭


    The IMF have said that the Irish crisis resolution mechanism is currently on target, despite some lower than hoped for growth expectations, and public doubts about the bailout process.

    The only worry appears to be the 'fragile political environment' but with this being election time, and with the incoming parties not promising anything particularly destructive to the agreement, the importance of that environment is probably slightly exaggerated.

    http://www.rte.ie/news/2011/0209/economy.html
    In its first review of the loan programme for Ireland, the International Monetary Fund has said the package agreed late last year is on target, despite what it calls the climate of political uncertainty.
    The report acknowledges that while there is support for the bail out programme among the public, it says a lingering 'perception of inequitable burden sharing persists'.

    The full PDF is available here
    http://www.rte.ie/news/2011/0209/imfreport.pdf

    Overall the report doesn't provide us with anything that we didn't already know, so is of limited importance. However, it might be a boost to international market confidence in Ireland and we might see a continued upward shift in bond values towards the weekend. In itself, it is reasonably reassuring to know that nothing is seen to be going wrong.


Comments

  • #2
    Liam Byrne
    Closed Accounts Posts: 18,163 ✭✭✭✭Liam Byrne


    Guess it depends on whose plan, and whose agenda.

    As for.....
    The report acknowledges that while there is support for the bail out programme among the public, it says a lingering 'perception of inequitable burden sharing persists'.

    .....inserting the word "perception" (i.e. implying that it's not really true, and that we only "think" it) shows that the IMF are as deluded as FF.

    God help us.


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