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Ireland might exit bailout 'without special arrangements' - Rehn

The EU Economic and Monetary Affairs Commissioner made the comments in an interview today.

European Commission Commissioner for Economic and Monetary Affairs and the Euro and vice president of the European Commission Olli Rehn
European Commission Commissioner for Economic and Monetary Affairs and the Euro and vice president of the European Commission Olli Rehn
Image: AP Photo/Mindaugas Kulbis

IRELAND IS DUE to exit the bailout on December 7 – and might be able to do so without ‘special arrangements’.

That is according to Olli Rehn, EU Economic and Monetary Affairs Commissioner, who made the comments in an interview with Reuters today.

Reuters said that Rehn said the European Commission is currently holding discussions with both Spain and Ireland on their exits from their bailouts.

He said that both countries “have a very good chance of exiting the programme successfully” and that it is premature to see “if there is a need for an precautionary arrangement”.

Read: How much has Ireland paid Britain in interest on bailout loans?>

Read: Budget adjustment will be ‘somewhat less’ than €3.1 billion – Noonan>

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