IMF: Our help is not needed

THE International Monetary Fund has said Ireland does not need its financial assistance and has praised the Government’s efforts to prop up its banking system.

The statement from the IMF will be welcome news for Taoiseach Brian Cowen, who is facing the threat of a “bloodbath” within his own party as backbenchers signal they will support a cabinet member who mounts a heave against him.

Justice Minister Dermot Ahern last night admitted to a “party row” and referred to contact between TDs and ministers to discuss concerns over Mr Cowen.