Saturday 24 February 2018

Bailout exit now officially under way

Economic and Monetary Affairs Commissioner Olli Rehn
Economic and Monetary Affairs Commissioner Olli Rehn

IRELAND has formally begun the process of exiting the bailout, writes Niall O'Connor.

The three-year arrangement with the European Commission and European Central Bank officially expired yesterday.

The second part of the bailout agreement – struck with the International Monetary Fund is scheduled to end on Sunday.

It is hoped the bailout exit will trigger a positive response from the reputable Moody's rating agency.

The Government is due to hold a special event on Friday to mark the bailout exit.

Irish Independent

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