Ireland successfully exits €85bn bailout programme
Austerity would be the way to underpin the country's shaky finances and the troika set about telling the Government how to go about it. But with Ireland's borrowing costs having fallen below those seen before the bust, and signs that the economic Armageddon is finally in reverse, there are hopes that the country can now steer a more stable course of economic growth that avoids the boom and bust cycle.
The Government also decided not to exit the bailout with a precautionary credit facility. Eurozone finance ministers backed the decision. Speaking about the bailout exit, Finance Minister Michael Noonan said: "There'll be no brass bands, or champagne. Our intention is not to be exuberant; this is just a stop along the way."