Warm praise, but troika will still monitor economy

Ireland’s clean exit from the bailout was hailed in the EU as a great success, but the troika will continue to monitor the country’s economy and the ongoing reforms.

The EU’s rescue fund, the ESM, will also check on the health of the economy regularly to ensure Ireland can repay the share of the €67.5bn they have lent.

The only country that expressed concern about Ireland’s decision to go it alone and not seek a precautionary credit line was Portugal, who feared it would reflect badly on them if they seek one when exiting their programme next year.