Opinion Editorial

Saturday 17 March 2018

Troika medicine was painful but necessary

It has been a torrid three years since the first troika inspectors arrived in Ireland representing the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Commission with the task of monitoring the bailout.

There was a widespread sense of national shame that the country's economic sovereignty had been lost to Frankfurt, Washington and Brussels – after previous generations had fought hard to establish an independent Irish State.

Now the troika inspectors are landing in Dublin today for the 12th and final inspection visit. By December 15, we will have exited the €85bn bailout programme and Ireland will be free in a financial sense once again.

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