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Deal for Irish taxpayers

A top EU official has backed Ireland's case for a better bailout deal by being allowed to repay costly International Monetary Fund (IMF) loans early.

Economic and Monetary Affairs Commissioner Jyrki Katainen (pictured) said the plan makes sense, but added the decision is for eurozone governments.

Finance Minister Michael Noonan has said taxpayers could save up to €375m per year if the State was able to pay-off a share of the IMF portion of the €67.5bn 
bailout early.