Troika ‘like a ruthless moneylender’ over €220m fees

The troika has been compared to a “ruthless” moneylender following criticism of Ireland paying out over €220m in service charges to the EU and IMF for drawing down loans under the bailout.

The amounts have built up in administration fees in recent years and are in addition to the €1.4bn forked out in interest payments alone last year on the bailout.

A Government agency overseeing the bailout access and repayments yesterday stood over the service fees paid for the financial aid from member states and the IMF.