Honohan: EU-IMF programme a qualified success

Governor delivers speech at joint conference

honohan-patrick
Governor Patrick Honohan

Central Bank of Ireland governor Patrick Honohan believes the country's EU-IMF programme did "what it said on the tin" and - despite notable flaws - was a "significant success".

Honohan told an audience at yesterday's IMF-CEPR-Central Bank of Ireland conference "robust interaction and good co-operation" were to thank for the eventual success of the programme.

"Despite the various missteps which inevitably accompanied the initial design of the programme of assistance," he said, it contributed to

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