IMF turns its attention to Ireland during its Washington press conference, bracketing us with Greece.
The International Monetary Fund has said that Ireland has no choice but to take strong and credible action to try to restore its finances. The comments came at a news conference in Washington ahead of meetings of the IMF and World Bank in the city on Friday.
The Senior IMF Economist, Jorg Decressin, said the Irish economy was still struggling from the unwinding property boom and a banking crisis that was leading to market pressures on interest rates.
He said the IMF supported the tough measures being taken by the Government.
IMF Chief Economist Olivier Blanchard added that countries such as Ireland and Greece have no choice than 'to do fairly dramatic things in as clear a manner as possible'.
RT News: IMF says Ireland must take 'credible action'