Arab Today, arab today ireland bailout on track amid contagion risks
Last Updated : GMT 18:56:10
Arab Today, arab today
Arab Today, arab today

Ireland bailout on track amid contagion risks

Arab Today, arab today

Arab Today, arab today Ireland bailout on track amid contagion risks

Dublin - AFP

Ireland\'s bailout is on track but the program must be enacted strongly to limit potential contagion from the eurozone debt crisis, the International Monetary Fund said on Thursday. Experts from the European Commission, European Central Bank and IMF presented their second review of Dublin\'s implementation of an EU-IMF bailout agreement worth 85 billion euros ($121 billion). \"The teams\' assessment is that the program remains on track and is well financed,\" the trio said in a joint statement following a quarterly progress report on Ireland. \"The authorities have continued to steadfastly implement program policies. Tensions in sovereign bond markets have escalated during the visit but program financing is cushioning the impact of this shock on the Irish economy and public finances. \"Continued strong policy implementation will be important to limit potential contagion effects,\" the statement added. The IMF update comes as investors are on red alert over the eurozone debt crisis which has already dragged down Greece, Ireland and Portugal who needed to be rescued with vast bailouts. There are real fears that Italy and Spain could be next in line, while Greece urgently needs a second rescue package. In order to secure its own IMF-EU bailout, Ireland in March ordered a drastic overhaul of the eurozone nation\'s stricken banking sector, as the cost of rescuing its lenders was forecast to top 70 billion euros. The Central Bank of Ireland said that four lenders needed to raise an extra 24 billion euros after it carried out vital stress tests on their ability to withstand another financial crisis. The Irish government, headed by Prime Minister Enda Kenny, welcomed the latest update from the IMF. \"This review was very much about seeing where we are in relation to the conditions of our program and its specified targets,\" Finance Minister Michael Noonan in a statement. \"I am pleased that the mission has concluded that Ireland is meeting all of the conditions and targets of our program. \"We have met the fiscal targets. We have met the banking targets. We have met the structural reform targets. \"I am also pleased that the external partners have concluded that the Irish program is on track and we are making good progress,\" he added.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ireland bailout on track amid contagion risks Arab Today, arab today ireland bailout on track amid contagion risks

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday