Indian Institute of Foreign Trade 2015 Solved Paper

(c) Ireland accepted a bailout in 2010 when its banking and economic crises threatened to destabilize the euro currency. The bailout included loans from the European Union and member states as well as credit with the IMF. Ireland has become the first of the eurozone bailout countries to complete its rescue programs. The Country has decided to do without a precautionary line of credit from its EU partners.