Ireland begins bailout exit today

Ireland begins bailout exit today

Ireland will today begin the process of exiting the bailout.

One of the two separate financial deals reached by Ireland with the Troika officially ends today.

Ireland will formally exit the bailout in a week's time, with some small events being planned for Dublin next Friday.

Ireland has technically been taking part in two separate arrangements - one with the IMF, and another with the European Central Bank and the IMF.

The deal with the IMF ends next week, but the arrangement with the EU partners ends today.

That means that from today, the European bodies will not have any direct role in setting Ireland's budget policy.

The bailout will then officially end next Sunday when the three-year European deal expires.

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