Bailout exit now officially under way
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.