Troika approves bailout compliance

THE troika said “there was no target that was not met” by Ireland in complying with its bailout terms — but warned of challenges to come.

The EU, European Central Bank and International Monetary Fund also said Ireland was in the best position to take advantage of more flexible loan terms, as proposed by eurozone members this week.

However, the troika warned of challenges to come in the next budget even as it approved the latest three-month review of the country’s bailout terms.