IMF: Ireland will miss 2015 deficit goal, risks it can't repay loan

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Greece IMF
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IMF: Ireland will miss 2015 deficit goal, risks it can’t repay loan
Washington – Ireland is not likely to meet a 2015 target for cutting its deficit and faces serious headwinds that could prevent it from repaying an international bailout, the International Monetary Fund (IMF) warned in a staff report Friday.
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IMF Managing Director Dominique Strauss-Kahn said it was critical to reach agreement with Greece swiftly on a strong economic program and associated financing package and so restore market confidence. What the Greek people have to do is difficult. But I think they’re committed to do it, and we are negotiating with them, along with the European Commission and the European Central Bank. I hope that this will be over rather rapidly: we need to go fast because the situation is serious, not only for Greece but for all the Euro-zone now, Strauss-Kahn said in Berlin on April 28. The IMF Managing Director met with German Chancellor Angela Merkel, as well German Finance Minister Wolfgang Schaeuble, ECB President Trichet, and German lawmakers to discuss the economic situation in Athens.
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