IMF leaders back in Ireland to oversee bailout progress
The bail-out boys are back in town
Just when you thought it was safe to go back on the streets of Dublin – the Bailout Boys are Back in Town.
And this time they’ve decided the leave the monetary hitman known as The Hammer at home.
Agents from the International Monetary Fund, the European Commission and the European Central Bank are back to check on Ireland’s finances.
The regulatory hit squad arrived in town on Tuesday for the latest three month check on Ireland’s €85billion bail-out.
But the infamous IMF chief Ajai Chopra – now known across Ireland as The Hammer – isn’t scheduled to travel with the group this time as his skills are needed to sort out the latest Greek mess.
The Irish Independent reports that the bailout team will be in the Department of Finance and the Central Bank until Thursday of next week checking on the progress of the package.
Among the items on their agenda are spending cuts, including reductions in the public sector wage bill in the event of a shortfall in the saving from reform of the public sector.
Government Ministers have already warned that if those savings from efficiencies and reductions in staff numbers are not achieved this year, there will be more cuts.
On the eve of the visit, Department of Finance officials were adamant that the Government has met the targets set as part of the bailout programme for the first half of the year.
The department’s assistant secretary general Michael McGrath said government officials will work with the IMF-EU team when the review begins.
“We will engage with them and afterwards they will have to go through their own process,” he said.
- Irish radio presenter suspended after anti-Isra
- Obama relative gets personal special deal...
- Smithwick inquiry finds Irish police may...
- Amazing story of how Choctaw Indians raised...
- Why Ireland needs to give its emigrants a...
- Married priests could well be Pope Francis'...
- Sarah Jessica Parker opens her heart to grievin
- Most Americans are in favor of immigration...
- Pope Francis calls capitalism “new tyranny”...
- Irish give more than anyone else in Europe...
I use a sample of "Danny Boy" in "Give Us Back The Beautiful Game - Small Heath Rifles BCFC WW1 Mix". It's the anthem of every FlaPope Francis calls capitalism “new tyranny” calls on leaders to fight poverty
Undoubtedly, well meaning and intentioned opinions. But how does one explain the reputedly infinitesmal weatlh in the Vatican City's vaults, and invesWhy Ireland needs to give its emigrants a say in the country
A haemorrhage of blood would leave a cadavre anaemic. A haemmorhage of nationals leaves a nation likewise. Ireland will continue to flounder around inMarried priests could well be Pope Francis' legacy, says Irish theologian
seanomelb! Spot on. Celtic Christianity was a vibrant sect, until the Church of Rome's Council of Cashel put a halt to their organic beliefs, like Ang