Ireland Meets Its Bailout Requirements
Ireland will return to the bond markets in 2014, as the first of the stricken Eurozone economies to exit its bailout program. On Thursday, Dublin received the results of a review by its creditors, confirming that the targets attached to the 2010 Irish bailout have been met. Six years after its banking sector collapsed due to a property market crash, Ireland is expected to experience 2 percent growth in 2014. The news will reassure Brussels policy-makers that the strong dose of austerity that has been administered to sickly Eurozone economies may be having at least some positive effect.