Monday, May 16, 2011

The absence of DSK will not have implications for the Irish case, according to Dublin

Dublin is not Athens, Greece so hard to hide his dismay after the arrest of the head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, considered the most effective counsel, Ireland, she is mine do not worry about it too. While the Fund has contributed a third in aid plan of 85 billion euros granted to the winter of 2010 to the former Celtic Tiger for him to avoid bankruptcy.

But "we are dealing with the institution, not with the individual," he said, Monday, May 16, Lucinda Creighton, Irish Minister for European Affairs. The government argues that the absence of Mr. Strauss-Kahn, on Monday at a meeting of finance ministers of the euro area in Brussels will have "no implications" for the Irish case.

The challenge for Dublin is to negotiate lower interest rates charged in exchange for financial assistance, without touching its very advantageous corporate tax as requested by France. The daily The Independent said however that "the arrest of Strauss-Kahn will affect the negotiations secret." The French boss of the IMF was deeply involved in the management of crises within the euro area, causing mixed reactions among the countries assisted.

Born only in 1921, the young Republic of Ireland had experienced as a humiliation call with the Fund, then compared to a guardianship. But his response has been more discreet than in Greece or Portugal. A deletion linked to the relative nature of Irish problems: a housing crisis, coupled with a banking crisis.

Strauss-Kahn spoke more readily about the problems of debt and competitiveness, the ancient evils suffered by Athens and Lisbon, which are largely the responsibility of the IMF. DSK campaigned for the conditions applied to both countries - including Greece - are softened to "not kill the patient." Marie de Verges

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