IMF Urges EU to Deliver on Bank Pledge to Aid Irish Return

The International Monetary Fund pressed European leaders to deliver on their pledge to break the link between governments and banks, and aid Ireland’s return to the bond market.

“Success in Ireland will hinge on euro-area stability and recovery,” IMF Deputy Director Ajai Chopra told reporters in Dublin today. The IMF expects European leaders to implement the commitments made last month, which include setting up a pan-euro-region banking supervisor and directly recapitalizing banks, Chopra said.