Ireland to seek 10 bln euro credit backstop, Noonan tells paper
DUBLIN, Sept 6
DUBLIN, Sept 6 (Reuters) - Ireland will seek a 10 billion euro credit line when its EU-IMF bailout expires later this year, which it will draw on only if needed, the Irish Independent cited Finance Minister Michael Noonan as saying.
Noonan said he was hopeful a deal could be struck with no new conditions, the newspaper reported on Friday. The ministry was not immediately available to comment.
"What it would mean is a credit line that we could draw on if we needed to draw on it," the Irish Independent quoted Noonan as saying.
Reuters reported last month that Ireland was seeking a precautionary credit line to smooth its bailout exit, with any conditions focused solely on its still-troubled banks.
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