Ireland successfully completes bailout review

The Irish finance ministry have confirmed that Ireland has successfully completed their bailout review, after achieving all targets set by the Troika.

Irish finance minister Michael Noonan told reporters that: "this is a significant day that many thought, and some feared, would never be reached."

It is three years since Ireland had to seek help from international lenders after its economy went into a tail spin in the wake of an imploding banking sector. The European Union and the International Monetary Fund (IMF) signed off the last tranche of the bailout. Ireland is now in the position of being the first Eurozone country to exit the bailout process later this year.

The Irish finance ministry has said it will make a decision on whether to adopt a precautionary credit line before 15 December.