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Ireland exits rescue program

  • "This isn’t the end of the road," says finance minister Michael Noonan as Ireland becomes the first EU state to officially exit its rescue program. "This is a very significant milestone on the road."
  • The economy is forecast to grow about 2% next year and unemployment is below 13% after rising above 15% in 2012. Noonan pledges to keep the screws down on fiscal discipline, but also makes noises about a tax cut sometime in the next two years.
  • Irish stocks are up marginally on the session; EIRL is up 37.7% YTD.
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