Ireland to exit bailout in mid-December

|By:, SA News Editor

Ireland is set to become the first eurozone country to exit a bailout program, with Prime Minister Enda Kenny saying that the nation will leave its €85B scheme on December 15.

Ireland may exit without the insurance policy of a precautionary credit line, which would stop the country from obtaining funds from the European Central Bank's Outright Monetary Transactions program of government bond purchases, but would also reduce the the conditions involved and the close monitoring from EU officials.


Bank of Ireland: IRE