Wednesday 21 March 2018

IMF doesn't want to throw the baby out with the bath water in sorting out Ireland

You could be forgiven for wondering what Askoka Mody, the IMF economist who is in Ireland this week, makes of our politicians' election promises.

Is he telling Ajai Chopra, the man who is heading the IMF mission to Ireland, that he should brace himself for a set of fresh negotiations on the terms of the bailout with the new Government, or are they both laughing heartily at the very notion?

All we do know is that for all the talk on the hustings about re-negotiating the bailout deal and burning the bondholders, the men from the IMF will be satisfied they have an agreement with the Irish state to run down its debts over the next four years.

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