The Irish Economy lately has been going through a lot of crap lately, but it seems like Ireland is finally ready to get back on its two feet again. After being bailed out by the rest of the Eurozone for quite some time, Ireland has decided to exit the Bailout scheme without any precautionary measures taken. They will not be taking out a line of credit via other Eurozone members. Taking out a line of credit can put many other conditions and obligations on its economy. However, not exiting with a line of credit leaves the economy solely balanced on industry, and the bond market. After talks with Germany's Chancellor Angel Merkel, Ireland feels very confident in stepping out back on its own.
Plus, if Ireland was to take out a line of credit via the Eurozone, then the other 3 countries, such as Portugal who are also under bailout plans would find it that much easier to ALSO take out a line of credit.
Read about it here!
