Friday 21 July 2017

Thomas Molloy: What we face if the IMF takes over the country

Medicine from abroad would mirror State's treatment plan

Thomas Molloy

Thomas Molloy

WHAT will it actually mean for us if the country is forced to call in the International Monetary Fund (IMF)?

Central Bank governor Patrick Honohan took the markets by surprise last week by musing openly about this once taboo question. His conclusion was that it would make little difference and would not act as a "panacea" for our problems.

Speaking at the International Financial Services Summit 2010 in Dublin, the governor added that any IMF policies would be "very much" like the Government's present policies.

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