Ireland will have to pay fee if it seeks credit line

Ireland would have to pay a non-negotiable fee to request a precautionary credit line, an EU official said, even if it did not need the money eventually.

All indications from the Government are that it will not ask for this line of credit as a guarantee when exiting the bailout programme next month.

An official said that EU institutions would be surprised now given all the statements from the Government if they now asked for a credit line.