The Mechanics of Funding under the EU/IMF Deal

Yesterday, the EFSF explained its funding strategy for the Ireland deal: the details are here.

The schedule for IMF funding was contained in last week’s IMF Country Report.  The relevant table is reproduced below:

Ajai Chopra: Conference Call

Here is the transcript of the press conference on Ireland.

Colm McCarthy in today’s Sindo

Colm has an article in today’s Sunday Independent which is well worth reading.

IMF Staff Report on the Ireland Deal

The detailed IMF report is available here.

Sargent: Ask Olli Rehn About the Minimum Wage

Anyone left in any doubt as to which of the outside parties was calling the shots in setting the terms of the EU-IMF agreement should consider checking out the clip from last night’s Week in Politics show. About two minutes in, there is a clip of Green Party TD Trevor Sargent discussing the decision to cut the minimum wage with a protestor. Sargent tells the protestor to take it up with Olli Rehn and that it was the EU, and not the IMF, that insisted on the cut in the minimum wage.