Ireland poised to leave bailout process

|By:, SA News Editor

The Troika is due to approve the final funds of Ireland's €85B ($114B) bailout later today, which would allow the country to become the first to exit its rescue process, a move it could make by the end of the year.

A question remains over whether Ireland will request a precautionary credit line when the bailout ends. The government has indicated that it may not, as it has enough funding to take it to 2015. It's also worth noting that debt yields are at 3.5%.

Still, Ireland continues to have big problems, while there's also concerns about the health of its banks.

ETFs: EIRL, IRL