Has Ireland grown confident enough to balance without a safety net?

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The large amounts of cash the Irish government has managed to amass suggest that the country may not need the precautionary line of credit, once it emerges from its international bailout at the end of this year. Ireland’s Finance Minister, Michael Noonan said on Saturday that the country will be able to fund itself entirely from the international debt market from 2014 onwards. At the same gathering in Limerick, which was broadcast on national television, Irish Prime Minister Edna confirmed ‘that Ireland is on track to exit the EU-IMF bailout on December 15th and pledged that the country would never again need to resort to a bailout during a crisis.

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