Why Ireland must raise its game now
The IMF's scathing assessment of the economic policies pursued by the previous government should serve as a warning to the current administration of the need for Ireland to raise its game. By accusing the former government of a lack of "political fortitude", diplomatic-speak for utter gutlessness in the face of selfish, vested interests, our new masters have made it clear they expect much better, from the new Government.
In addition to criticising the political cowardice of the previous government, the IMF was also scathing about many of our institutions.
While the IMF's strictures will have come as little surprise to anyone following Ireland's economic collapse, they still serve as a welcome reminder that, a change of government notwithstanding, much more needs to be done before this country can emerge from the crisis.