Ireland To Exit From Bailout Program Without EU Credit Line

Ireland will exit its three-year, 67.5 billion euro bailout program without a line of credit from the European Union and IMF. The Irish government’s decision will make Ireland the first of the eurozone’s four bailout recipients to wean itself off emergency aid from EU and International Monetary Fund. Ireland to exit next month Ireland’s Prime Minister Enda Kenny announced today that Ireland will exit its international bailout agreement next month without the safety net of a precautionary credit line. This is a sign that the Irish are confident they won’t suffer a beating in the bond markets. The Prime Minister…