Wednesday 7 December 2016

There are many good elements to IMF deal

We may come to regard the bailout as a positive and pivotal event, writes Willie O'Dea

Published 26/12/2010 | 05:00

We will, in the years ahead, look back at the EU/IMF deal as a significant and pivotal moment in our political and economic history. I suspect that we will look back upon it as the moment when our economic and social fortunes started to turn, and may even come to regard it as a positive development.

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Clearly this is not yet the time.

In today's climate, the deal is confirmation that the world markets had lost confidence and belief in our ability to get ourselves out of our economic woes under our own steam.

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