IMF: Ireland will Need a Second Bailout

Ireland is unlikely to wrest control of its finances even in 2013 when the current IMF-EU deal runs out and will be forced to seek a second bailout, according to a former IMF executive. Barely six months after the country’s €85bn deal was sealed, former IMF deputy director Donal Donovan has said the country could continue to need assistance up to 2015. – Guardian