EU-IMF ‘will unveil significant corruption’

THE EU-IMF investigators will uncover significant fraud and corruption in their examination of the Irish banking sector according to a leading European economist who worked with the IMF.

Dr Daniel Gros believes that when the crisis is over the country will need a ‘truth commission’ similar to that established in Iceland to investigate and analyse the collapse of the banks and the lead-up to the catastrophic event.

Iceland found that senior politicians, regulators and bankers were all at fault for bringing down the country’s economy.