SLASHING the damaging bank debt burden, tackling the health budget and rampant unemployment all emerged as critical concerns as officials from the EU and IMF wrapped up their seventh mission to monitor progress under the Irish bailout programme yesterday.
Ireland is meeting 120 out of 120 conditions laid down by international rescue funds from the troika of the European Union, the IMF and the European Central Bank (ECB), officials confirmed, but the situation remains challenging.
The mission that ended yesterday marks the halfway mark in the EU/IMF bailout.
Rampant unemployment and overspending by the Department of Health were named as particular concerns by the so-called IMF-EU-ECB troika in a statement marking the end of their mission.
The officials also warn that stressed household budgets mean we can expect modest growth in the year ahead.
Finance Minister Michael Noonan said the real test
- Michael Noonan says 7th Troika review a success (newstalk.ie)
- We pass Troika test but health spending to be reined in (independent.ie)
- Spain imposes further austerity measures (thepressnet.com)
- Greek socialist leader wants more time for deficit cuts (news.yahoo.com)
- The Euro Is Finally Being Saved (thepressnet.com)