Today's Irish Times reports a new tactic in the negotiations to deal with bank debt problem
IMF deal on table if no bank debt agreement, sources say - The Irish Times - Sat, Jan 26, 2013
Seems to me that Noonan & co have finally discovered how to negotiate.Government sources said Ireland is prepared to accept a new, conditional IMF programme if bank debt talks do not deliver optimal conditions for returning to markets
The IMF have been more supportive of debt write-off than the EU/ECB which can only be a good thing for Ireland. However, the problem remains that Kenny/Noonan keep insisting that they are not seeking any debt write-off - kicking the debt down the road does not solve the problem.
Is there a U-turn on the horizon?