Friday 20 April 2018

Colm McCarthy: Look at the numbers – hoping for the best is an exercise in futility

TOUGH TALK: ECB President Mario Draghi talks with Finance Minister Michael Noonan at a November Eurogroup meeting in Brussels while IMF managing director Christine Lagarde looks on
TOUGH TALK: ECB President Mario Draghi talks with Finance Minister Michael Noonan at a November Eurogroup meeting in Brussels while IMF managing director Christine Lagarde looks on
Colm McCarthy

Colm McCarthy

THE financial rescue programme for Ireland signed in November 2010 is about to enter its final year. It could play out well or badly.



During the week, the IMF released a nervous assessment of Ireland's economic and financial prospects while the Central Statistics Office issued weak macroeconomic data for the quarter to September.

Taoiseach Enda Kenny responded by reiterating his confidence that Ireland will exit the EU/IMF rescue programme on schedule at the end of 2013, having secured a deal on bank-related debts from the EU and the European Central Bank.

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