Adopting the programme has allowed the fiscal restructuring to be done in a much more deliberate and targeted way than otherwise would have been possible. This has increased the likelihood that the improvement will be both structural and lasting in nature, and that as a result the Irish Government will be able to access debt markets on a sustainable basis from this year onwards.
S S Mundra: Indian banking sector – gazing into the crystal ball Keynote address by Mr S S Mundra, Deputy Governor of the Reserve Bank of India, at the Mint Annual Banking Conclave on the theme “Disruption, Innovation and Competition”, Mumbai, 4 February 2016. *  *  *  Assistance provided by Smt. Usha Janakiraman and Shri Sanjeev Prakash is gratefully acknowledged.