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RECOVERY

REPRESENTATIVES from the troika of the European Commission, the European Central Bank and the IMF are in Dublin today to begin their latest bailout review.

The staff are due to meet with the Government to discuss the preparation of the December Budget.

Ireland is already ahead of target in this part of the EU-IMF bailout plan but officials will focus on actions to close the deficit to the target of 8.6pc of GDP.

The IMF is pushing against a larger 2012 budgetary adjustment but European authorities are pushing hard for it.

Economists believe there will be a requirement to adjust more than the €3.6bn previously agreed.

Meanwhile, Taoiseach Enda Kenny will meet Commission president Jose Manuel Barroso (above) on Thursday.

It's believed Mr Barroso will meet with other representatives of EU countries separately.

The Taoiseach is due would meet Mr Barroso and said the meeting was taking place at Mr Barroso's suggestion to discuss the challenges facing the EU.

Eurozone finance ministers will be called to an emergency meeting later in an attempt to stem the debt crisis that has been engulfing the EU.