Commission approves €5.8bn bailout fund payment

Commission approves €5.8bn bailout fund payment

The European Commission has given the green light for a €5.8bn payment to be made to Ireland as part of the bailout deal.

It follows the Troika's latest successful review - the fifth - of Ireland's performance under the terms of the deal.

However the Commissiont warned that the domestic economy here remains weak, and said much work remains to be done.

It said a fall in demand for Irish exports could weigh on the country's budget performance, and it urged the Government to remain steadfast in implementing the full programme.

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