In an address to the nation, Irish Prime Minister Enda Kenny marked the end of the country's economic rescue program, which, in his words, has regained "its good name and its credibility", the BBC television network reported.
He warned that more difficult economic decisions await the country, with a new mid-term economic plan that should be adopted this week.
He promised that Ireland's stability would "never again be threatened by speculation and greed" and that job creation would be at the heart of an economic plan expected to be adopted this week.
"Three years ago, 1.600 jobs were being lost every week. Now, 1.000 new jobs are being created every week. That's progress, but we have to work on it," concluded the Irish Prime Minister.
Ireland is the first eurozone country to comply with a loan agreement implemented with the help of an international group of lenders known as the Troika, which refers to the European Union, the International Monetary Fund and the European Central Bank.
Ireland was bailed out by a three-year, €85 billion bailout after facing bankruptcy as borrowing on the financial markets became too expensive. It is now again able to raise money in the capital markets on a par with other countries.
During the three-year period, the Troika had considerable control over Irish politics and the direction of the Irish economy. In exchange for a bailout, the Troika insisted on tax increases, structural reforms and the sale of state assets, with Ireland's progress reviewed every three months.
See more:
Download the app and follow the news
FOLLOW US ON
