The International Monetary Fund (IMF) has praised Ireland’s economic progress. They announced that Ireland’s economy is performing “surprisingly well” and added that it does not need to take “dramatic” steps beyond the measures of the bailout plan.

Ireland also had good news when the number of people signing on for unemployment welfare dropped. However this increase could be due to emigration rather than job creation.

In Europe the markets remain in turmoil with the spotlight staying on Greece. Protests in Athens continue as thousands marched through the city as part of a 24-hour public sector strike.

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