Troika to keep eye on Ireland for 20 years

Ireland is likely to be under surveillance from the troika and the ESM for the next 20 years.

Finance Minister Michael Noonan acknowledged that until 75% of the €67.5bn loans are paid, there will be extra surveillance to make sure the country is “not going down the wrong road”.

While congratulations flooded in from member states for Ireland’s clean exit, German Chancellor Angela Merkel, phoned Brussels to check if the Irish knew what they were doing, EU sources said.