Monday January 20, 2020

IMF and ECB will no longer be involved in EU crisis rescues

Daniel Murray

Business Reporter

8th December, 2019
Klaus Regling of the European Stability Mechanism. Picture: Getty

Ireland is a “good case study” of how a country can recover from economic crisis, the head of the European Stability Mechanism has said.

Klaus Regling also said that any future financial rescue programmes in Europe would be led by the “duet” of the European Stability Mechanism (ESM) and the European Commission instead of the Troika that had bailed out Ireland – the European Commission, the ECB and the IMF.


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