Market ‘relaxed’ on Irish bailout exit

The market is quite relaxed about Ireland exiting the bailout programme without a precautionary credit line, according to NTMA chief executive, John Corrigan.

Last October, he said that it would be a advantageous for Ireland to have the safety net of a precautionary line.

However, speaking to RTÉ’s News at One, he said that when the agency started engaging with investors and credit ratings agencies after the question of whether Ireland should apply for a credit line became public, it emerged that the markets did not see it as a priority.