Ireland says may exit bailout without EU backstop

By REUTERS
October 13, 2013 01:40

Ireland will become the first euro zone country to exit an international bailout in mid-December and may do so without a financing backstop from its European partners, the ruling party announced at a triumphant rally on Saturday.

Prime Minister Enda Kenny told a gathering of his Fine Gael party that "the economic emergency will be over" when the country exits its 85 billion euro bailout on Dec. 15, confirming the official date of the exit for the first time.




"There's still a long way to go. But at last, the era of the bailout will be no more," Kenny said to loud applause.



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