Central Bank of Ireland highlights varied success of aid programmes


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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