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CCTV9英语新闻:Ireland to mark end of three-year bailout

时间:2013-12-13 08:56:39

(单词翻译:单击)

Ireland’s government will mark the end of its three-year bailout Friday. The bailout, funded by the IMF, EU Commission, and European Central Bank will formally expire Sunday evening. It makes Ireland the first eurozone country to exit a stringent1 bailout program. The three bodies, known as the Troika, have conducted a total of 12 review missions, all declaring that Ireland’s implementation2 of the program is on track.

Last month, Ireland decided3 to exit the bailout on December the 15th, without the need to prearrange a new precautionary credit line from EU and IMF partners. Ireland has picked a consortium led by Britain’s Centrica for a 1.5 billion US dollar acquisition of the retail4 unit of its gas utility Bord Gais, seen as a major milestone5 as it prepares to complete the bailout.


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