Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The letter of intent, which I mentioned earlier, is precisely the same document that the IMF uses for all of its programmes. In the IMF context at least, there is no less of an outcome of negotiations than memorandums of understanding, MOUs, in the ESM context. What is the difference here between the MOU that the ESM would have used in the past and the letter of intent, which will be used in the future but which is the process the IMF uses and which is quite restrictive and subject to the outcome of current negotiations?