IIFT 2015 Question Paper Question 5

Question 5

Which is the first Eurozone nation to exit its bailout package?

Solution

In December 2013, after three years on financial life support,Ireland finally left the EU/IMF bailout programme, although it retained a debt of €22.5 billion to the IMF; in August 2014, early repayment of €15 billion was being considered, which would save the country €375 million in surcharges.



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