Yet she rejected suggestions a second bailout was now more likely for Ireland after the Department of Finance revised its 2017 economic growth projections downwards from 1.3% to 0.7%.
Asked if the growth figures meant a second bailout was now a probability rather than a possibility, she replied: “Not at all.
“Any country who’s ever left a bailout in the history of the IMF has had to do so in a structured way, and the critical thing for us is that, if we have the support of the people in relation to this treaty, we continue (to ensure that) the structured support will be available to us through the medium of the funds. So the question of how Ireland exits the bailout is obviously important, but it would have to be done in a structured way.”
- ‘Treaty won’t solve our problems — not by a long shot’, IrishExaminer.com, April 30, 2017.
About the author:
Zhang Xin is Trainer at chinadaily.com.cn. He has been with China Daily since 1988, when he graduated from Beijing Foreign Studies University. Write him at: zhangxin@chinadaily.com.cn, or raise a question for potential use in a future column.
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