Monday, December 08, 2014

Anything for liquidity

Apparently it's a point of controversy in Ireland whether the original bailout deal required water charges. According to the IMF-government document (page 30)

Memorandum of Understanding on SPECIFIC ECONOMIC POLICY CONDITIONALITY November 28, 2010 ..

In advance of the introduction of water charges The government will have undertaken an independent assessment of transfer of responsibility for water services provision from local authorities to a water utility, and prepare proposals for implementation, as appropriate with a view to start charging in 2012/2013.