Ireland to exit bailout without credit backstop

GMT 12:10 2013 Thursday ,14 November

Arab Today, arab today Ireland to exit bailout without credit backstop

Arab Today

Eurozone member Ireland will exit its international bailout programme next month without the need for a precautionary credit facility, the government said on Thursday. "Following a careful and thorough assessment of all of the available options ... the Irish government has today decided that Ireland will exit the EU/IMF programme in December as planned and without a pre-arranged precautionary credit facility," the Department of Finance said in a statement.

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