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Enda Kenny

In landmark for EU, Ireland leaves its bailout behind

Three years after going cap in hand to international lenders to avert bankruptcy, Ireland has officially ended its bailout in a landmark for the euro zone's efforts to resolve its debt crisis.Ireland has cut spending and raised taxes to rebalance the economy since seeking emergency help from the European Union and International Monetary Fund, meeting every major target under the 85 billion euro ($117 billion) program and enduring little public unrest."This isn't the end of the road. This is a very significant milestone on the road," Finance Minister Michael Noonan told a news conference on Friday."But we must continue with the same types of policies."The country of 4.6 million is funded into 2015 thanks to debt issuance over the last 18 months. It is showing the way to Greece, Portugal and Cyprus - which have also had sovereign bailouts - and Spain, which has had help for its banking system.With more than 22 billion euros ($30 billion) of cash in hand, almost twice the amount initially...

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  1. Ireland's Kenny: No Discussion of Apple Ireland Tax at EU Council

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  4. Ireland Defends Corporate Tax System

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  5. IMF Urges Ireland to Retain Austerity Program

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