While patting Ireland on the back for making a "strong start" towards fiscal reforms, the IMF...

|By:, SA News Editor

While patting Ireland on the back for making a "strong start" towards fiscal reforms, the IMF says risks to the success of the rescue have risen. "Financial market conditions are more adverse ... spreads are at unsustainable levels." The solution: upgrading the EFSF, i.e. bigger bailouts.