Ireland Heads for the Bailout Exit

On Sunday, Ireland will become the first European nation to leave its emergency bailout since the region’s debt crisis began four years ago. In 2010, with the country’s banking system on the verge of collapse, Ireland sought a three-year 67.5 billion euro rescue from the European Central Bank, the European Union, and the International Monetary Fund. The exit means Ireland will fully re-enter international debt markets and end its reliance on the "kindness of strangers."

Published Dec. 13, 2013

Irish October 2020 Government Bond Yields

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Irish bailout approved
Moody's cuts Ireland to junk

More Irish Workers Finding Jobs

Quarter-over-quarter change in number of employed people

Housing Prices Take a Positive Turn

Irish House Price Index

69.4
October ‘13
Photo: Chris Ratcliffe/Bloomberg News
Michael Noonan
Irish finance minister
“Our reputation was shot to bits. Lots of ministers on the continent were sick of listening to the boastful Irish talking about how you make a lot of money on property.”
Photo: John Cogill/Bloomberg News
John Corrigan
CEO of Ireland’s National Treasury Management Agency
“We were now being met with the emerging markets desks of certain houses. That will tell you how far we had fallen.”
Photo: Simon Dawson/Bloomberg News
Wilbur Ross
CEO of WL Ross & Co.
“We concluded Ireland would be the first country to emerge from bailout...We also immodestly believed that a big investment by ourselves and other internationally-known investors would help to accelerate the recovery.”

Sources: Data compiled by Bloomberg, Central Statistics Office

GRAPHIC: CHLOE WHITEAKER / BLOOMBERG VISUAL DATA