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Economy

Ireland to stay austere post-bailout

by Bernie Becker - 12/13/13 9:49 AM ET
by Bernie Becker - 12/13/13 9:49 AM ET

Ireland exits its $93 billion bailout this weekend. But that doesn’t mean the age of austerity is over for the onetime “Celtic Tiger.”

{mosads}The Associated Press reports that Irish Finance Minister Michael Noonan warned investors that the country would continue to seek reducing deficits and cutting spending through at least 2015.

Ireland becomes the first member of the eurozone to exit a bailout. Cyprus, Greece and Portugal have also received a bailout. 

Tags Bailout eurozone Ireland

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