Ireland will exit the EU-IMF bailout WITHOUT a back-up credit line.
Taoiseach Enda Kenny has confirmed that Ireland won't try to arrange an overdraft facility
once the bailout has ended next month.
The decision followed an last-minute cabinet meeting this morning before the Minister for Finance meets his EU counterparts in Brussels.
If Ireland was applying for a precautionary bailout, an application would have to be made tonight - as today's meeting of EU finance ministers is the last before Ireland makes it bailout exit.
At 11:40 this morning Enda Kenny informed the Dail of the government's decision.
There was broad support on the government backbenches - but few good words from Fianna Fáil's Micheal Martin or Sinn Féin's Gerry Adams, who took the opportunity to lambaste the government for their records in office so far.
Independent TD Shane Ross welcomed the exit of the Troika - but said the government's Dáil announcements were light on detail.
Earlier the Eurogroup president Jeroen Dijsselbloem had said a decision on Ireland would possibly be made today:
