Ireland expected to exit bailout unaided - report

Ireland is to exit the European Union and International Monetary Fund bailout without a backstop in place, according to a report.

6th November, 2013
Finance minister Michael Noonan said yesterday that a decision on the bailout exit strategy was “finely balanced”.

Ireland is to exit the European Union and International Monetary Fund bailout without a backstop in place, according to a report.

An Irish Times report this morning, citing unnamed sources in Brussels, said that officials believe that if Ireland deploys a one-year credit line that it will confront the same issue of market confidence expired in a year’s time.

Market conditions and Ireland’s 3.5 per cent bond yield are currently favourable for a...

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