Troika bailout appraisal to be low-key

The troika 10-day appraisal of the bailout programme, starting today, is due to be a low-key affair, set against the background of the treaty referendum and rising fears for the eurozone with Spain in the cross-hairs of investors.

Representatives of the European Commission, the IMF and the ECB are agreed that the Irish programme is on track with the targets being broadly met in both the banking and government budget areas.

Changes including water charges, tightening social welfare payments and eligibility, reform of medical and legal professions, and the sale of state assets, as well as on-going talks on restructuring the Anglo Irish Bank promissory payments will be discussed.