Joe McHugh (Donegal North East, Fine Gael)
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195. To ask the Minister for Finance if he will provide an update on engagements with the troika in respect of an exit from the EU-IMF-European Central Bank bailout programme. [44107/13]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware, the Government decided on 14 November that Ireland is now in the best position to exit the EU-IMF programme of financial assistance on December 15 without the need to pre-arrange a new precautionary credit line from our EU and IMF partners. Following a careful and thorough assessment of all of the available options, and broad consultation with the European Commission, the ECB, the IMF, along with the President and members of the Eurogroup, the Governor of the Central Bank of Ireland and the NTMA, the decision was taken to exit without a pre-arranged precautionary facility or backstop.