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DUBLIN (Reuters) - Ireland expects to pass the latest quarterly review of its bailout, its finance minister
said on Tuesday, at the start of a 10-day visit by officials from the European Commission, European
Central Bank and International Monetary Fund.
"I think we've met all our commitments for the quarter. So I suppose the more interesting part will be looking forward," Michael Noonan told state broadcaster RTE.
Ireland has been praised in recent reviews of its 67.5 billion euro bailout, which runs from 2010 to 2013, for success in cutting its budget deficit, shrinking its banks and returning to modest economic growth.
But a slowdown in Europe has raised doubts about its aim of returning to full market funding next year.
During their 10-day mission, officials from the so-called "troika" of lenders are expected to discuss with the government the future of bancassurer Irish Life & Permanent (IL&P) and Irish efforts to soften the terms of its bank bailout.
The government want to replace 30 billion euros of high-interest IOUs given mainly to the former Anglo Irish Bank with another instrument that would lengthen their maturity and cut their interest rate.
"I think we've met all our commitments for the quarter. So I suppose the more interesting part will be looking forward," Michael Noonan told state broadcaster RTE.
Ireland has been praised in recent reviews of its 67.5 billion euro bailout, which runs from 2010 to 2013, for success in cutting its budget deficit, shrinking its banks and returning to modest economic growth.
But a slowdown in Europe has raised doubts about its aim of returning to full market funding next year.
During their 10-day mission, officials from the so-called "troika" of lenders are expected to discuss with the government the future of bancassurer Irish Life & Permanent (IL&P) and Irish efforts to soften the terms of its bank bailout.
The government want to replace 30 billion euros of high-interest IOUs given mainly to the former Anglo Irish Bank with another instrument that would lengthen their maturity and cut their interest rate.