• Irish bond yields evidence of credibility

The IMF are responding to former IMF chief of mission to Ireland, Ashoka Mody who said that Ireland should end austerity if it is to grow and that it was a self defeating policy. The man tasked with overseeing Ireland’s bailout, had attacked the Troika measures back in April saying that;

The Troika had other choices apart from austerity, and that bondholders could have been brought in to bear some of the cost of the sovereign distress