Ireland's Measures to Cut Budget Deficit

IMF Commends Ireland's Measures to Cut Budget Deficit, But Maintains Message to Control Spending

Ireland is undergoing a painful adjustment with the global economic crisis after enjoying years of economic success. The IMF's latest report commends the authorities for the direction in which they are moving, which has been to create the National Asset Management Authority to buy bad loans from the banks. Thus the main message is for Ireland to continue its efforts and sustain them over an extended period of time.