Finance Minister Michael Noonan has this afternoon secured the support of all Eurozone Finance Ministers for a deal that would see Ireland borrowing at lower interest rates to pay off more than €18bn.
The Government says that repay our IMF bailout loans early could save the taxpayer hundreds of millions of euro.
Michael Noonan's European engagement this week pays handsome dividend for Ireland.
— Charlie Flanagan (@CharlieFlanagan) September 12, 2014
The proposal is to be discussed at a meeting of all 28 EU Finance Ministers tomorrow.
Taoiseach Enda Kenny does not anticipate any problems at the meeting, however.
"There isn't any objection to this from a political perspective and we expect that tomorrow," he said.
"The elections in Sweden are on Sunday, and obviously they can't give a decision, but there is not expected to be any difficulty or any obstruction … and then it's a matter just for national procedures.
"So that will probably allow first movement here sometime before Christmas."