Government given go-ahead to repay €5.5bn in bailout loans

The Government has received approval to repay €5.5bn in bailout loans early.

The European Financial Stability Fund gave the go ahead to the plans, which will see the Exchequer save around €150m in interest.

The loans will be repaid in full to the IMF, Sweden and Denmark.

Finance Minister Paschal Donohoe welcomed the decision and said it puts Ireland in a stronger financial position for the future.

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