Written answers
Tuesday, 29 January 2013
Department of Finance
EU-IMF Programme of Support
Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance the discussions he has had with the Troika in respect of the possibility of putting in place precautionary funding lines when the Ireland EU / IMF programme concludes; and if he will make a statement on the matter. [4109/13]
Michael Noonan (Limerick City, Fine Gael)
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Ireland is entering the final year of our EU/IMF programme of financial assistance and we are preparing to exit that programme. At the end of the eighth, EU/IMF review mission, in October, I indicated that we would be discussing the measures necessary for a successful exit with the Troika. This discussion will be initiated during the ninth review mission, which started today. All options will be considered in the light of what is appropriate for Ireland, including the terms and conditions attaching to them. Evidently this will require further consideration and no decisions have been taken to date.
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