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THE TROIKA MAY have officially completed their final review of Ireland’s bailout programme but they weren’t slow giving some advice as they finished up.
“The implementation of the programme, which will expire in the coming months, has been steadfast, ” an official statement issued by the European Commission, the ECB and IMF said today.
The Troika sounded one major warning, however, and it focused squarely on the health service. They say that budget figures remained on track to October but that “spending control must be maintained, in particular in the healthcare sector.”
Echoing the continued debate surrounding the feasibility of saving in the Department of Health, the Troika sounded a note of concern, “Realising the proposed savings in health expenditure, while protecting core services, will require particular attention”.
The second area of continued concern for the Troika was a call for a durable resolution of mortgages in arrears. They called on the banks to do more:
The introduction of a target regime for arrears resolution has been helpful, but greater efforts are required by banks to find long-term sustainable solutions for borrowers in genuine mortgage distress. In other arrears cases, there is a need to restore full debt service payments.
Credit facility
The Troika were giving very little away about post-bailout financing options for Ireland, merely saying that “discussions continued” on “related options following the expiry of the current EU-IMF arrangements.”
The conclusion of this twelfth Troika review would allow for the disbursement to Ireland of the final €1.4 billion of loans under the bailout arrangement.
The Troika issues a positive not on Ireland’s growth prospects saying that Ireland’s economy has been growing above the euro area average since 2011 and is on target to record low growth in 2013.
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Fair fooks to all involved. Ashamed to say I’d not known it was on.
When is the next one?
What a great city
Was there only one photographer in dublin, couldn’t have got a pic outside Dublin no? Typical!! Not to put dampener on it as was great cause fair play to those who ran, just a gentle reminder to media life exists outside of DUBLIN!!!!
G’wan the chip on the shoulder. . . .
Feckin dubs ha!!
Does it really?
Ah sure we’re all friends. . . I’m sure there will be photos of the cork run somewhere tomorrow.all the journalists on the score.ie are too busy trying to come up with more Roy keane articles for us then to worry about the night run anywhere else!!
Well done to everyone involved in this including my amazing brother in law Gary Seery all the running for such good causes :)
Ran the race last night, had a great time :) thanks to all the organisers & volunteers for their free time & support. Well Done to all all over the Country & further a field.
Saw one of these in Vienna a couple weeks ago..really cool idea
Should be ran in the phoniex park.
Except for the lack of street lighting away from Chesterfield Avenue, it’s a nicer run but not practical for a run in the dark.
I ran in Kilkenny with some friends.lovely night for it
The reason i was suggesting it should be ran in the park is for a number of obvious reasons.
Free traffic congestion
Free parking where ever you want.
Free lighting (generatated lighting).
Don’t get me wrong i agree with the purpose of the run for charities and all that and i salute everybody that run’s the race…..just think its more of a suitable place.
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