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The EU Autumn Economic Forecast makes stark reading for Ireland and poses serious questions about Government’s reliance on exports as the basis of Ireland’s recovery.  It also calls into doubt the basis on which Budget 2012 is being developed.

A more comprehensive European approach to dealing with the region's debt crisis is needed to help Ireland regain access to debt markets, the International Monetary Fund (IMF) said on Friday May 20, 2011.    The IMF went on to say that Europe needed to address the risk of financial stress in its periphery through a more "comprehensive" plan. 

This revised version was published following completion of the quarterly review for the end of the first quarter of 2011.

  The review andd the ratification process will be completed by:

The opening session of the UN Commision on Sustainable Development in New York saw the EU input totally ignoring the pollution, poisoning and impoverishment caused by many mining corporations.

While the texts produced by the Irish Government and the ECB/IMF/EU following the latter's review of Ireland's progress in implementing the Bailout agreement contained little information on changes or adjustments to the agreement, the latter's statement contained one blatent claim that seriously insults Ireland's poorest and most vulnerable people. 

This is the information supplied by the Irish Government on the revisions to the EU/IMF Bailout negotiated at the end of the second quarter of this Bailout. It was supplied on April 15, 2011.

EU/IMF Programme of Financial Support for Ireland 

The following is the full text of the statement by the ECB/IMF/EU team on completing their review of Ireland's Bailout. The statement was issued on April 15, 2011.

The recent spring European Council (i.e. heads of Government in the EU) gave the final go-ahead for a comprehensive package of measures to preserve the financial stability of the eurozone and to strengthen economic governance. Both of these initiatives have implications for Ireland and raise serious questions concerning the real commitments of the European Council and the EU generally to proceed in a balanced and inclusive manner.

Ireland is in the midst of an unprecedented economic crisis. It is also in the midst of a serious governance 
crisis. Confidence in the governance structures of the country has been undermined. 
Trust in the regulatory system, the political system and public administration has been damaged severely. 
There is widespread public anger at these failures.
 
Ireland’s international reputation has also been damaged. This is a matter of grave concern, and should be 

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