Is the troika really gone for good?

Ireland is exiting its bailout today and - if the Irish government and other top European policymakers are to be believed - we should all bust out the champagne and ticker tape in celebration.

The bailout exit is a positive signal for Ireland, to be sure. The government has declared a victory for throwing off the yoke of the troika (the European Commission, ECB and IMF) and reclaiming Ireland's fiscal sovereignty. Taoiseach Enda ...