Business Irish

Saturday 25 November 2017

Noonan: I want to talk to Troika about bailout exit

Finance Ministyer Michael Noonan
Finance Ministyer Michael Noonan

Colm Kelpie in Brussels

FINANCE Minister Michael Noonan has said he wants to engage seriously with the Troika about strategies for exiting the bailout later this year and getting cheap funding.

The ten day visit of representatives from the IMF, EU and ECB begins today to review Ireland's progress under the bailout.

Analysts expect that the current inspection will ensure the country’s financial priorities are centred around reaching its EU targets before next year’s budget is released.

At the end of a meeting of European finance ministers in Brussels, Mr Noonan said he would be meeting with the Troika this afternoon and wanted to engage seriously with them on exit strategies.

''So to ensure that when we go back into the markets in a continuous way in the autumn that we're back to stay and that we get money at low interest rates," Mr Noonan said.

''Ill be asking what ideas they have and where they might assist us in that."

Ireland has utilised a large portion of the €67bn that was allocated in the bailout programme and the remaining funds should be exhausted by the end of the year.

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