Ireland is to repay billions of euro of Bailout loans early in order to avoid 150 million euro of interest.
The IMF chief Christine Legarde today gave the green light to a government plan to repay 4.5 billion euro earlier than planned while Sweden will accept 600 million and Denmark 400 million.
The state borrowed a total of 67-and-a-half billion euro in 2010 to avoid bankruptcy but the 3-point-8 billion borrowed from the UK will not be paid back early.
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Minister Paschal Donohoe says it would be too expensive to break the UK’s terms.
