Honohan: IMF would likely advocate same course

Central Bank Governor Patrick Honohan has said that the Government's budgetary plan is very much the sort of policy package the International Monetary Fund would try to impose in Ireland.

Speaking at an International Financial Services Summit in Dublin, Mr Honohan said the IMF has proven to be an indispensable tool for stabilising countries who go off the rails- but it is not a panacea.