FF: Precautionary credit line 'the prudent thing to do'

The Opposition is today advising the Government to have a precautionary credit line in place when Ireland's bailout deal comes to an end.

Officials from the Troika are today beginning the 12th and final review of the financial rescue programme.

The package - funded by the International Monetary Fund, European Commission and European Central Bank - concludes in December.

Fianna Fáil Finance Spokesperson Michael McGrath said that the use of a precautionary credit line should be considered.

"Putting in place a precautionary credit line would be the prudent thing to do, because there are considerable risks that the country is still facing - including the growth rate, for example" he said.

"And there is always the possibility of external shocks, which could effect our economy quite substantially".

"But a lot does depend on the type of conditionality, which would be attached to any such credit line."