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Ireland will exit bailout in December

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An Taoiseach Enda Kenny addresses the media at the Fine Gael National Conference in the South Court hotel in Limerick, yesterday.
Photo: Tony Gavin 12/10/2013

An Taoiseach Enda Kenny addresses the media at the Fine Gael National Conference in the South Court hotel in Limerick, yesterday. Photo: Tony Gavin 12/10/2013

Minister for Health James Reilly at the Fine Gael National Conference in the South Court hotel in Limerick, yesterday.
Photo: Tony Gavin 12/10/2013

Minister for Health James Reilly at the Fine Gael National Conference in the South Court hotel in Limerick, yesterday. Photo: Tony Gavin 12/10/2013

Pro Life protest at the Fine Gael National Conference in the South Court hotel in Limerick, yesterday.
Photo: Tony Gavin 12/10/2013

Pro Life protest at the Fine Gael National Conference in the South Court hotel in Limerick, yesterday. Photo: Tony Gavin 12/10/2013

Pro Life protest at the Fine Gael National Conference in the South Court hotel in Limerick, yesterday.
Photo: Tony Gavin 12/10/2013

Pro Life protest at the Fine Gael National Conference in the South Court hotel in Limerick, yesterday. Photo: Tony Gavin 12/10/2013

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An Taoiseach Enda Kenny addresses the media at the Fine Gael National Conference in the South Court hotel in Limerick, yesterday. Photo: Tony Gavin 12/10/2013

IRELAND will officially exit the bailout in two months time, Taoiseach Enda Kenny has confirmed.

The Troika will leave Ireland on December 15 - just over three years after the European Union, International Monetary Fund (IMF) and European Central Bank (ECB) stepped in with a €64bn bailout package.

The Taoiseach told the Fine Gael national conference in Limerick: “Tonight I can confirm that Ireland is on track to exit the EU/IMF/ bail-out on December 15th.

“And we won't go back. It won’t mean that our financial troubles are over.”

He also said “there are still fragile times ahead”.

“There’s still a long way to go. But at last, the era of the bailout will be no-more.”

He also said the Government will produce a post-bailout economic plan later this year, in tandem with the country regaining its economic sovereignty.

“To plan for that new era, we will publish a new medium term economic strategy before the end of the year,” Mr Kenny said.

“The economic emergency will be over. But the exit from the bailout is not an end in itself. In fact it’s just the beginning. The beginning of our freedom to choose the kind of Ireland we want to build.”

And he said the Government will legislate to allow all third level graduates vote in Seanad elections. Currently, only Trinity College and National University of Ireland (NUI) have a vote.

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“In putting the issue of the future of the Seanad to the people, we honoured a clear promise to do so,” the Taoiseach told delegates at the South Court hotel in Limerick.

“The outcome is clear and we will now continue reforming the political system and ensuring that the Seanad is as effective as possible.

 “I intend to discuss this with other leaders in the coming weeks and, as a small first step, I have asked that legislation be prepared to give effect to the 1979 decision of the Irish people to extend the Seanad electorate to all graduates.”

It is likely that all third level graduates will now get a vote, however the exact universities and higher education institutions will have to be detailed in legislation.


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