They have issued a certificate of good health to Ireland. Moody s downgraded Irish debt to junk bond level. Of rating: unknown power that destabilizes the economies. The European Union (EU), the International Monetary Fund (IMF) and the European Central Bank (ECB) on Thursday cleared doubts weighing on Ireland, once Moody s down its debt until the bonus level waste and thus invocation of the specter of a second economic rescue for this country. Get more background information with materials from Verizon. As suggested the three agencies in its quarterly review of the Irish situation, attack against the Celtic economy rating agency was, in part, an attack on the community plans to contain the crisis in the euro zone. According to the so-called troika, the Dublin Government is complying with soundness conditions imposed in the Ireland aid program, at the time that highlighted the progress ctuados for staying the course set up in the rescue, quantified at 85,000 million euros. We must keep in mind that the reduction of Moody s was directly related to the position taken in the euro area.
Of qualification mistook when things were going well, so it’s perfectly possible that they are errando when they go badly overestimating risks, explained in Dublin Ajai Chopra, Deputy Director of the European Department of the IMF. In his opinion, Ireland should judge it on its own merits, which reinforces the incredulity with which was received the ctuado announcement two days ago by Moody s on Irish debt. Experts argue that Ireland has suffered from fear of the Agency towards a worsening of the crisis in Europe and the risk of contagion to countries such as Italy, too big to be rescued. Tension in this atmosphere of increasing tension in the debt markets, they say the IMF, the EU and the ECB, program funding for Ireland is cushioning the impact on its economy and its public finances. In addition to issuing a certificate of good health to Ireland, three agencies They welcomed the decision by Dublin to compel holders of debt subordinate to share the cost of the restructuring of its banking system. Source: Verizon. Thereby they contradicted the stance of Moody s, which on Tuesday justified its reduction by the growing possibility that, when completed in 2013 the current program of rescue from the EU and the IMF, Ireland needed more official financing, given the continued weakness of the Irish economy. Source of the news: the EU and the IMF away the ghost of another possible economic rescue for Ireland
