Troika: Ireland remains on track
26 April 2012 14:36
Staff teams from the IMF, European Commission and ECB [Troika] were in Dublin between April 17-26 to review Ireland’s progress under the terms of the bailout programme. As of this review, the underlying Irish budget deficit stands at 9.4% - well within the 10.6% target agreed with the Troika.
“Ensuring recovery in
The Troika noted that continued progress has been made on structural reforms aimed to boost competitiveness. Confidence in
“Ongoing work to restore the health of the Irish financial system is critical to enabling a recovery in domestic demand. Efforts to strengthen the quality of bank assets are intensifying through strategies for dealing with mortgage and SME loan arrears. The personal insolvency reform will further facilitate the resolution of unsustainable debts, where the authorities are taking care to balance the rights of debtors and creditors and uphold
“Nonetheless, considerable challenges remain. Economic growth is expected to remain modest in 2012, at around ½ percent. The benefits of continued competitiveness gains are limited by relatively low trading partner growth, while domestic demand continues to decline and the banking sector faces difficult market funding conditions. Technical work on further financial sector reforms to support prospects for recovery in domestic demand and
The $85bn bailout package was negotiated in November 2010 when
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Business & Finance is proud to announce its media partnership with Aztec Money, for the global finance company’s upcoming launch event in Ireland.
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Investec Corporate Finance has released the Investec M&A Tracker Survey for Q1 2013. Data from the survey, which reviews Irish trade sales, buyouts and acquisitions, shows that from January to March 2013, deal values experienced both a quarter-on-quarter and year-on-year increase, with a total value of €5,574mn, although there was a quarter-on-quarter decline of 11.5% in the number of deals recorded in comparison to deals recorded during the last quarter of 2012.
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