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IMF confirms Ireland can repay bailout loans early

13.08.14 @ 09:28

  1. By EUOBSERVER

Ireland is considering an early repayment of its €22.5bn loan from the IMF to save interest rates of 4.99% - twice the cost of borrowing on the markets, reports the Irish Times. IMF’s Craig Beaumont confirmed in a letter that no penalty fee would apply in case of early repayment.