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Saturday, October 12, 2013

Improvement in Irish Economy: Depends on who you ask

ECB president praises Ireland’s efforts to repair public finances - Irish Economy News & Headlines | The Irish Times - Sat, Oct 12, 2013: "European Central Bank president Mario Draghi has praised Ireland’s efforts to repair its public finances and banking sector saying that the country has improved “on all fronts” since the financial crisis.
Mr Draghi declined to comment on whether Ireland would require a precautionary credit line, similar to an overdraft facility, when it exits the EU-IMF bailout programme at the end of the year.
“I don’t want to comment on this specific issue because it just being discussed by the relevant authorities,” he told reporters at the annual meetings of the IMF and World Bank in Washington."

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