News

Rehn confirms European Commission to continue to monitor Ireland post-bailout

The European Commission has confirmed it will continue surveillance of Ireland’s economic performance after the bailout until 75% of its bailout loans are repaid.

At a press conference, Commissioner Olli Rehn said there would be two missions annually of visiting economists.

Mr Rehn praised Ireland and said the successful conclusion of the loan agreement showed “an adjustment programme had a beginning and an end”.

Klaus Regling, head of the EFSF bailout fund, said he would be continuing surveillance until all the loans from his fund were repaid.

He said it was “unlikely” Ireland would secure a deal that would result in the European Stability Mechanism recapitalising Irish banks.

 

< Back to News

Contact Us

Lane O’ Connor Accountants & Tax Consultants
Unit 6 Crann Ard, Fethard Road,
Clonmel, Co Tipperary.
Tel: + 353 52 6184975
Fax: + 353 52 6129500
Email: info@laneoconnor.com

Latest Tweets

Request Call Back

(Anti-Spam)

acc-logos

© 2015 Lane O Connor Accountants - All rights reserved - Website by PracticeNet.ie