GOVERNMENT OFFICIALS ARE said to be wary of accepting an emergency line of credit from the troika after Ireland’s bailout exit, to be used in the event that the economy fails to recover.
The Sunday Independent reports that Minister for Finance Michael Noonan sees the conditions attached to using such a credit line as unacceptable.
These could include external supervision of government policy, further privatisation of state assets, and even a revision of Ireland’s corporation tax rate.
However, in an interview with Die Welt, a top IMF advisor said that Ireland needs the option of accessing additional funds in case of an emergency.
So we’re asking: Should Ireland accept a post-bailout credit line, just in case?
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