Ireland exits bailout program after positive Troika review
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Ireland exits its bailout program following the latest positive review of its economy by the Troika and the reimbursement of €2.6 billion released in February.
"Ireland's strong track record of programme implementation has been maintained, contributing to substantial improvements in market access and conditions for the sovereign and also -- albeit more moderately -- for the banks," the group comprising the International Monetary Fund (IMF), the European Central Bank (ECB) and the European Commission said in early February.
On February 7, Ireland reached a landmark deal with the ECB to restructure the large debt of the former Anglo Irish Bank, easing thus the pressure on Dublin.
Ireland asked for a rescue package worth €85 billion in late 2010.
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