Ireland’s Early IMF Loan Pay-Off Gets Initial EU Approval
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European Union finance ministers reached a provisional deal that would allow Ireland to make an early repayment of International Monetary Fund bailout loans.
The ministers, meeting in Milan, said an early pay-off of most of the 22.5 billion euros ($29.1 billion) that the IMF lent Ireland as part of its 2010 rescue would help bolster the country’s recovery.