IMF praises Ireland's actions to counter economic downturn

The International Monetary Fund has said Ireland is poorly insulated against further financial shocks, but the country is unlikely to default on our debts.

The International Monetary Fund has said Ireland is poorly insulated against further financial shocks, but the country is unlikely to default on our debts.

It comes just a day after the Minister for Finance Brian Lenihan insisted the economy has stabilised, despite the release of a series of negative figures on the Live Register and mortgage arrears.

In reports out today, the IMF praises the actions taken so far to counter our loss of competitiveness in the downturn, and ranks us ahead of the likes of Greece, Italy and Portugal in terms of being able to cope with further problems.

More in this section

IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Some of the best bits from irishexaminer.com direct to your inbox every Monday.

Sign up
Execution Time: 0.208 s