Central Bank of Ireland highlights varied success of aid programmes

cb-ireland

The Central Bank of Ireland published an economic letter on August 15, which assessed the progress of Cyprus, Greece, Ireland, Portugal and Spain – the five eurozone countries with joint European Union (EU) and International Monetary Fund (IMF) bailout programmes – towards meeting debt sustainability targets. Ireland was expected to miss medium-term deficit targets in 2015.

Researcher Laura Weymes studied the efforts at debt reduction in the five countries from 2008–2015. Outcomes varied signifi

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