Sinn Féin changes position on support of IMF funding

Ireland should rely on the IMF for funding instead of Europe, if it cannot return to private market borrowing next year, according to Sinn Féin.

The suggestion marks a change from the party’s position before last year’s general election when leader Gerry Adams said the IMF should “go home and take their money with them”.

Finance spokesman Pearse Doherty said the country does not need access to the EU’s permanent rescue fund — the European Stability Mechanism (ESM) which will have a lending capacity of €750 billion.