Ireland meets Troika targets
Finance Minister Michael Noonan has revealed that the Government has met all the targets set by the EU, IMF and European Central Bank Troika, exactly one year after the bailout.
He said while the Government is delighted to have been deemed on track, looking after citizens and job creation is the priority.
“The Government wants to make sure that the provision of quality public services is not subject to the every whim of the international money markets,” said Mr Noonan.
The review team has granted the Government more time to sell off its state assets to raise money in a bid to offset some of the country's debt.
The Government announced there has been no timeline set by the EU, IMF and European Central Bank, despite being pressured in the past to sell off profitable state-owned companies like the airport authority and energy businesses to generate €5bn.
Public Sector Reform Minister Brendan Howlin said this was not a failure on the Government’s part to meet targets set, because there was never a definitive timeline.
“The school examiner is the Troika so I’ll let them pass judgment on that,” said Mr Howlin.
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