Sixth Review Mission On Irish Financial Programme
Officials from the EU, IMF and ECB are to complete their sixth review mission on the Irish financial programme today. The government is expected to say that all the main targets in the programme have been met. There may also be an announcement on restructuring plans for Permanent TSB bank.
The review marks the halfway point in Irelands bailout programme. If the troika give the thumbs up to release the next tranche of cash, it will mean some 70% of the funds available to Ireland will have been paid out.
With the main targets having been met, much of the discussions in the review concentrate on banking sector reforms, including progress on capitalisation, de-leveraging and lending by the banks to support the economy.
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