Ireland to unveil stimulus package

Report of a FT interview with Michael Noonan, Ireland’s Finance Minister, July 2012 discussing the challenges facing the economy of Ireland.

He said that Ireland would unveil a multibillion euro stimulus package later in July 2012 in an effort to kickstart its flagging economy and curb unemployment as it pressed the eurozone to take over a large chunk of bank-related debts to aid its recovery.

The troika of international lenders – the European Central bank, European Commission and the International Monetary Fund – had approved the stimulus measures as long as Ireland did not breach its spending limits.

ESO: Background information: Troika forecasts lower Irish growth http://www.europeansources.info/record/troika-forecasts-lower-irish-growth/

http://www.imf.org/external/country/IRL/index.htm http://www.imf.org/external/country/IRL/index.htm

Irish Times, 12.7.12: Domestic economy expands for first time in two years http://www.irishtimes.com/newspaper/frontpage/2012/0712/1224319862378.html

European Commission: RAPID: MEMO/12/556: Statement by the EC, ECB, and IMF on the Review Mission to Ireland http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/556&format=PDF&aged=0&language=EN&guiLanguage=en

Ireland: Department of Finance: Speech, 26.7.12: The prospects for the Irish economy http://www.finance.gov.ie/viewdoc.asp?DocID=7326&CatID=79&StartDate=1+January+2012

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