FF: Precautionary credit line 'the prudent thing to do'
on 29/10/2013 14:13:20
Officials from the Troika are today beginning the 12th and final review of the financial rescue programme.
The package - funded by the International Monetary Fund, European Commission and European Central Bank - concludes in December.
Fianna Fáil Finance Spokesperson Michael McGrath said that the use of a precautionary credit line should be considered.
"Putting in place a precautionary credit line would be the prudent thing to do, because there are considerable risks that the country is still facing - including the growth rate, for example" he said.
"And there is always the possibility of external shocks, which could effect our economy quite substantially".
"But a lot does depend on the type of conditionality, which would be attached to any such credit line."