Ireland in strong position to exit the bailout, says Rehn

Ireland is in a strong position to exit the bailout programme next month according to economics commissioner Olli Rehn.

He was speaking after meeting with Finance Minister Michael Noonan on the first leg of his round of meetings with the troika to discuss arrangements for Ireland’s exit from the programme in mid-December and the possibility of applying for a precautionary credit line together with any other ideas to ease the country’s exit.

Today, he meets with the ECB’s Mario Draghi when he is expected to discuss the buying of Irish bonds, and he flies to Washington to meet IMF director Christine Lagarde next Monday.