Ireland hints at IMF intervention in bid to slash costs


Mary Harney, Ireland's health minister, warned on Friday that the country could face International Monetary Fund (IMF) intervention if it fails to implement the required cuts in December's budget.

Harney, a former deputy prime minister, said government expenditure had spiralled. "We're spending €500m ($747m) a week more than we're raising. That's an unsustainable situation," she said. Ireland's economy has been hit hard by the financial crisis and is expected to contract by 7% this year.

"If the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: