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No cash sought -- IMF

THE INTERNATIONAL Monetary Fund has confirmed that the Irish Government has not applied for any funding.

Caroline Atkinson, the institution's director of external relations, confirmed that there have been no requests for financing support.

She added that the organisation believed the Government was taking "appropriate" fiscal measures.

"We do believe that the fiscal measures that the Government has announced and is implementing and discussing in its budget are appropriate and the right thing to do given the financing and fiscal pressures in Ireland," she said.