Irish Economy: Why should the possible intervention of the IMF be viewed as ’scary’?
Oct 14th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy: The challenges facing the Irish economy may or may not require the intervention of the International Monetary Fund (IMF) in coming years. However, despite the gravity of the crisis; the patent evidence of a failed governance system with its limited accountability in a culture where the buck stops nowhere; there has been no evidence so far that the political elite is willing to embrace significant reform. Why should IMF intervention be viewed as 'scary' when it maybe the best hope for Ireland to become a model economy comparable with those of well-run countries such as Austria, Denmark, Sweden and Finland?