ECB executive board member Jorg Asmussen has said there are “pending risks” for Ireland as it prepares to exit the EU-IMF bailout programme.
Speaking ahead of a meeting of euro zone finance ministers in Luxembourg the senior ECB figure said it will be up to Ireland to decide whether to request a precautionary credit line to help its exit from the programme.
However, there were pending risks, he said, specifically in the banking sector and in terms of its deficit, which is still “very high” compared to the European average.
He said while Ireland, as well as the other programme countries, will be discussed at this evening’s meeting, no decisions will be taken.
The Government has indicated that it may not need to use a precautionary credit line when it exits the bailout at the end of the year.
However, a decision on whether Ireland needs support will take into account the results of balance sheet assessments of Irish banks that are currently being undertaken by the Irish Central Bank and will be submitted to euro zone authorities by the end of the month.
full article at source: http://www.irishtimes.com/business/economy/ireland/ecb-says-ireland-faces-banking-deficit-risks-ahead-of-bailout-exit-1.1560285
By Thomás Aengus O Cléirigh
This twit should try living here in this BA-NAMA- Republic! Try getting a mortgage, try getting to a GP that hasn’t his hand out every turn you make in his surgery, School: Free education is just a myth!.Car: Taxed to the hilt: 650 for an ordinary family saloon tax for the privilege of driving down the road! That is if you can stay out of the clutches of the privatized speed money traps cropping up all over the country! Jobs: What Jobs???The Banks are bankrupt and the constant attempts of the vested interests to talk up the property market are just pathetic! Our Gombeen politicians and puppets are doing a great job and we the gullible taxpayers are slowly been sucked dry.
Ireland is a disaster , just because we are not causing mayhem in the streets yet, doesn’t mean everything is rosy in this particular cabbage patch! This spoofer should try living on the Dole!
The autocrats’ are desperate to hold up Ireland as a success story and how Austerity works!
“Bullshit” our country has been raped and plundered and we will ,as a result of this imposed austerity, be financial debt slave for the next 60 years, to the very gangsters who caused the financial meltdown in the first place. OH Yep! 3600 citizens have gone to Jail for not paying their TV licence over the past 3 years and not one corrupt Politician or Banker has had the pleasure. Yep, Ireland is a success for the faceless moneymen and their political puppets that have successfully placed there private gambling debts on to an entire nation.
These crimes will not go un punished and our people will take back our country and its resources!
This Eurocrat should not make any plans to come to Ireland on holidays, He and his hidden bosses are walking on Ice!