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Monday, 16 December 2013 - 13:34
Ireland exits bailout with warnings of more austerity
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Ireland formally exits its three-year bailout programme, becoming the first eurozone nation to do so, but authorities warned of further austerity to ensure economic recovery.

Dublin turned to the International Monetary Fund and European Union in November 2010 for an 85-billion-euro rescue package after a banking crash and one of history's worst housing bubbles.

After painful belt-tightening Ireland is now returning unaided to the international lending markets -- while eurozone strugglers Greece, Portugal and Cyprus remain locked into the bailout process.
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