Details

Titel

Ireland leaves the EU/IMF programme

Ist Teil von

• The OECD observer, 2013-10 (297), p.7

Ort / Verlag

Paris: Organisation for Economic Cooperation and Development (OECD)

Erscheinungsjahr

2013

Link zum Volltext

Quelle

PAIS Index

Beschreibungen/Notizen

• Ireland leaves the three-year EU/IMF programme of assistance on Dec 16, 2013. The economy is growing, the finances have stabilised and unemployment is coming down. The strategy is working in Ireland, and the people are getting back to work. Ireland is the first country in the euro area to exit such a programme and it is a significant moment, not just for Ireland, but for Europe. This crisis has been a test of national governments, of European solidarity and of the European project itself. The decision Ireland has taken to exit the programme without any further precautionary credit line is possible because of what it has achieved. Competitiveness has been regained as costs and prices have risen more slowly than its trading partners.