Tuesday August 11, 2020

Irish austerity is not "self defeating", says IMF

UPDATE: The IMF has distanced itself from remarks made by one of its former senior officials that Ireland should ease up on austerity measures.

22nd July, 2013
“There has been an unavoidable drag on Ireland's growth," said the IMF.

The IMF has distanced itself from remarks made by one of its former senior officials that Ireland should ease up on austerity measures. There is no evidence that cutbacks in Ireland have been “self defeating”, the IMF said.

In an interview with the Financial Times today minister of state at the department of finance Brian Hayes also distanced the government from the remarks made at the weekend by former senior IMF official Ashoka...

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