EU, IMF: Ireland On Track To Keep Cutting Deficits
DUBLIN (AP) â¿¿ Ireland's international financiers say the bailed-out nation is strongly cutting its deficits and strongly supported the country's focus on investment in creating new jobs.
The European Union and International Monetary Fund offered a positive verdict Thursday following their latest 10-day review of Ireland's austerity and reform program. Their endorsement of Irish policy clears the way for further installments of loans from the EU-IMF bailout fund.
In a joint statement officials from the EU, IMF and European Central Bank say Ireland is meeting or exceeding all its targets to bolster its banks and reduce its 2012 deficit to a goal of 8.6 percent or less. They also expressed support for Irish government initiatives to cut the country's 14.3 percent rate of unemployment.
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