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Ireland officially exits the bailout

Ireland officially emerges from the bailout today. The three-year funding deal with the IMF was o...
Newstalk
Newstalk

08.44 15 Dec 2013


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Ireland officially exits the b...

Ireland officially exits the bailout

Newstalk
Newstalk

08.44 15 Dec 2013


Share this article


Ireland officially emerges from the bailout today.

The three-year funding deal with the IMF was officially signed on this day in 2010.

Ireland bailout was comprised of two separate three-year deals.

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The deal with the ECB and European Commission was signed a week before a separate deal with the IMF.

The European deal wrapped up last Sunday - and the IMF one finishes today.

Enda Kenny will make a live address to the nation this evening to explain the plan of action for rebuilding the Irish economy after the Troika leaves.

It will be broadcast after the 9pm news on RTE1 and is expected to last seven minutes.

Later in the week the government will publish a medium-term economic plan aimed at balancing the budget by the end of the decade.

Ireland wil still be under Troika surveillance until it's repaid three-quarters of its European loans - in the year 2034.


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