IMF economist bullish on Irish recovery
Published 27/10/2011 | 18:37
THE INTERNATIONAL Monetary Fund's chief economist has said this country should be ready to re-enter international markets for borrowing as early as next year.
"I am fairly confident that with the path you are (on) in late 2012, first semester 2013, you should be able to go back there with relatively small spreads," said Olivier Blanchard, speaking after delivering a speech to students at Trinity College.
The economist said Ireland had "turned a corner" and the signs were pointing in the right direction.
However, he added that unemployment was still far too high and production much too low.
Ireland is currently dependent on loans from the EU/IMF/ECB to pay teachers, nurses and gardai.