Challenges ahead despite bailout exit, says Kenny

Taoiseach Enda Kenny warned the Dáil that while Ireland was opting for a clean break from the EU/IMF bailout without a credit safety net there were still demanding times ahead for the country.

Likewise, the Tánaiste said while the decision was historic, there would be no celebrations until Ireland’s economic recovery was complete.

The Taoiseach said the decision not to seek a precautionary credit line was finalised after a Cabinet meeting during which Finance Minister Michael Noonan recommended the clean break. “The Government has decided that Ireland will exit the EU-IMF assistance programme on Dec 15, without the need to pre-arrange a new precautionary credit line from our EU and IMF partners.”