Irish bailout eases the road ahead, but doesn't end it

As the nation of Ireland descended into an economic crisis, as many countries in Europe have been, they sought a bailout package. The Troika (group of international lenders) have agreed to lend a sum of EUR 85 billion, to rescue Ireland from more or less complete economic collapse. Irish Finance Minister, Michael Noonan claimed that this was a significant milestone in pulling the Irish economy back to its feet, but is not the end of the road of tough times.
"This isn't the end of the road. This is a very significant milestone on the road," said Mr Michael Noonan. "But we must continue with the same types of policies." He continued "Ireland sought emergency help three years ago to keep its finances under control and has met the terms of the programme, implementing austerity to bring down its budget deficit and rebalance the economy."

http://donieconwayaddress.wordpress.com/2013/12/07/

Michael Noonan makes a valid point, Ireland still needs to keep a very strict and close eye on its economy in the process of healing it, to avoid a complete collapse, as it is still very sensitive, and a slight issue can hurdle it down again. The government of Ireland must keep a very strict budget and finance their plans very carefully, while not spending mindlessly on non essential goods. Ireland is an amazing country, and prospered in every aspect, however a little incorrect play with the economy, brought it tumbling down. Mr Noonan also said to keep a tighter and stronger economy, more jobs will be created
Ireland seems to be handling the situation very well, and is taking their next steps carefully. Hopefully they will get rewarded for these efforts, and will once again be at the top of the charts, and known worldwide as a strong, prosperous and safe country.

Source(s):
http://www.bbc.co.uk/news/business-25362493