24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

IMF Warns Europe Over Irish Bailout

The International Monetary Fund Wednesday gave a stark warning that Europe must deliver on “commitments” it made to help Ireland finance its huge bank-rescue debts, if the country is to emerge from its bailout program on schedule at the end of next year.

Ireland has to date met its bailout targets, but the euro-zone authorities have so far failed to detail ways Ireland might refinance legacy bank-related debts through theEuropean Stability Mechanism, the area’s rescue fund, and whether the country will qualify for the European Central Bank’s so-called Outright Monetary Transactions program, the bond-buying plan for troubled euro nations, the IMF said in a staff report.

Source: Wall Street Journal . Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement