“The success of Ireland’s international bailout hinges on it getting more European support and there being economic recovery externally, the International Monetary Fund (IMF) said on Monday as it cut its growth forecast for Ireland for next year.  Ireland wants the terms tied to 31 billion euros ($39.7 billion)of IOUs pumped into two failed banks eased and Europe’s rescue funds to take over its stakes in other lenders, something the IMF said was needed to put the rescue program ‘on a clear path to successful completion’.”

http://in.reuters.com/article/2012/09/10/us-ireland-imf-idINBRE8890TR20120910

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