The Minister for Finance says the details of a deal with Germany to provide loans for Irish companies at cheaper interest rates now have to be worked out.
Michael Noonan says the bilateral agreement between Ireland and Germany will provide money to the real economy here.
The deal was announced yesterday, after the Taoiseach confirmed we are to exit the bailout without a precautionary line of credit.
Finance minister Micheal Noonan explained the proposal to Newstalk's Breakfast:
The ECB programme team who worked with Ireland on its bailout has congratulated the government.
Officials from the bank said the triple protection of private funding, domestic rescue funds and the ESM provide credible backstops for Ireland on its exit from the bailout.
Troika member and ECB board member Jörg Asmussen spoke to reporters on his way into a meeting of Eurozone finance ministers in Brussels this morning:
Research Professor John Fitzgerald of the ESRI told Newstalk's Breakfast he thinks it is the right move:
Meanwhile, the government's planning to plough ahead with major reforms to the legal and medical sectors - despite the departure of the Troika.
It's reported that the reforms are going ahead in order to convince investors that Ireland will still make tough decisions.
The Troika has regularly complained about the costs of legal and medical care in Ireland.
Communications minister Pat Rabbitte says the so-called 'sheltered' sectors won't get off lightly just because the Troika are leaving: