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Minister Noonan with Eurogroup president Dijsselbloem today. Department of Finance

Noonan: Decision on post-bailout credit line ‘finely balanced’

Minister Michael Noonan will travel to the Hague today to discuss Ireland’s bailout exit with Eurogroup President Jeroen Dijsselbloem.

Updated 5.37pm

FINANCE MINISTER Michael Noonan paid a whistle-stop visit to The Hague this afternoon to scope out Ireland’s post-bailout strategy.

Noonan had what what was described as a “constructive meeting” with Eurogroup President Jeroen Dijsselbloem to discuss whether or not Ireland will accept a line of precautionary credit when it exits the bailout programme next month.

The Department of Finance said in a statement this afternoon that “there are a number of options available to the Irish Government and it is matter for the Government to decide on the best approach”

Strict conditions could prevent the Irish government from opting for the ‘safety net’ that could be used in the event of the economy requiring further stimulus after the bailout exit.

Noonan said earlier that his meeting with Dijsselbloem would be good as the Dutch politician has “lot of political information which will be useful”.

Speaking before his meeting with the Cabinet this morning, Noonan said that Dijsselbloem provides an important link with other European governments.

He also said that the decision on the credit line is “finely balanced”, but said he wanted to gather the best possible information prior before bringing a memorandum before government.

In a comment released after the meeting, Noonan repeated this view, saying: “The objective is to secure a sustainable exit that supports economic growth and job creation.

“Broadly speaking, the options are to either exit the programme with or without a prearranged backstop. The decision is finely balanced.”

- additional reporting Hugh O’Connell

First published 11.18am

Today in cabinet: Ministers to discuss proposed referendum on same-sex marriage >

Your say: Should Ireland accept a post-bailout credit line, just in case? >

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33 Comments
    Install the app to use these features.
    Mute Karl Coleman
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    Sep 22nd 2012, 7:35 PM

    How to you go paperless and avoid electronic stuff at the same time?

    158
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    Mute Dave Sherman
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    Sep 23rd 2012, 9:30 AM

    Karl shoots and scores

    13
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    Mute Adam McGauran
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    Sep 22nd 2012, 7:17 PM

    I often want to go a day without electronics but the urge to Google something check Facebook or even check the Journal always prevails!

    131
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    Mute Little Jim
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    Sep 22nd 2012, 7:27 PM

    Some good advice there Ciara.
    Been struggling to ease off the electronic stuff for the last 2 weeks.
    Had no idea of the hold this stuff has over me.
    Saying that, I read this on the journal!!

    83
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    Mute A O'Brien
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    Sep 22nd 2012, 7:19 PM

    Sounds great…………… in theory!

    68
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    Mute Darragh Greene
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    Sep 22nd 2012, 9:04 PM

    I destroyed a smart phone by accident about a month ago and I’ve gone back to an antique phone, no apps or internet. It’s been bliss since.

    63
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    Mute Kate Kelly
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    Sep 22nd 2012, 8:24 PM

    I particularly appreciate the advice to drop multi-tasking as I’ve long felt we were being sold a pup with that particular piece of corporate BS!

    54
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    Mute Paddy BeBop
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    Sep 22nd 2012, 7:46 PM

    Not good for thejournal.ie to be suggesting going electronics-free days!!

    51
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    Mute Dave Hammond
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    Sep 23rd 2012, 1:15 AM

    Here’s some additional tips for a carefree happy and less stressful life.

    1. Stop paying your rent or mortgage – you’ll be amazed at how much money you can save
    2. Cancel that pesky direct debit for the iPhone or mobile bill , you’ll easily save enough in 3 months to be able to afford that 100 euro property charge you keep putting off
    3. Don’t go into work , it’s full of distractions and annoying people that makes your day more stressful
    4. Be sure to leave only your mobile number with employers and banks who may want to call you and interrupt your more harmonious life

    42
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    Mute Mac Enally
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    Sep 23rd 2012, 7:45 AM

    I like the sarcasm. That said there’s actually a strong philosophy being developed which urges people to minimise their wanton consumerism, their excessive borrowing and become more independent to enjoy the best the modern world has to offer without being a slave to the rat race….

    10
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    Mute Sluazcanal
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    Sep 22nd 2012, 9:49 PM

    Gave up using the Internet and mobile phones a week ago, so far so good.

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    Mute Jack Gleeson
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    Sep 22nd 2012, 11:08 PM

    How did you read this and post that then? Share your secret please!

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    Mute Stephen McBride
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    Sep 23rd 2012, 12:19 AM

    They’re obviously using the paper edition of TheJournal ;-) http://jrnl.ie/400860

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    Mute Blathín Sullivan
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    Sep 22nd 2012, 9:28 PM

    We adore chaos because we love to produce order.

    25
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    Mute Lauren McCarthy
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    Sep 22nd 2012, 9:09 PM

    Is this not a bit contradictory? Switch off yoir email notifications and then receive your bills by email?

    20
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    Mute Neil O'Leary
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    Sep 22nd 2012, 11:16 PM

    Bills don’t HAVE to be paid straight away, you usually have a week or so to sort them out. Turn off the email notifications, check email once a day and make a note (diary or otherwise) to pay when due.

    32
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    Mute Linda Leavy
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    Sep 22nd 2012, 11:30 PM

    BOOM!

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    Mute Eoin O Raghallaigh
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    Sep 22nd 2012, 9:41 PM

    Had to laugh at tip 6. Sounds a bit harsh Ciara!

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    Mute Mac Enally
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    Sep 23rd 2012, 7:42 AM

    Shes just too nice to say DUMP LOOOOOOSERRRRRRRRRRRRRS :)
    Shes right…

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    Mute Ellen Metcalf
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    Sep 23rd 2012, 10:07 AM

    Was nodding “sensible, sensible..” until I got to this one. It is indeed a euphemism for “dump losers” and is depressingly common advice in so many articles that it’s become very acceptable. It’s even seen as healthy, being called a friend detox and other names.
    It’s depressing, and a bit appalling. As far as I know, I’d have thought having friends was good for you and you never know when your positive buddies might feck off and the sad loser might be there for you when you need them.
    That’s not to say frenetic social activity is good for us or that it isn’t useful to take a step back and avoid getting sucked into other people’s drama. And by “friends” I mean people you actually know, not “friends” in the facebook sense.

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    Mute Fuzi Le Bon
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    Sep 23rd 2012, 7:56 AM

    im currently in the process of scanning all my personal files and WinZip’ing them with a password into a gmx mail account, each one stashed in its own folder category ie medical, banking, receipts and so on, by scanning and emailing them to myself I’ve managed to remove about 20 manilla folders each 4 inches thick, the joy of tearing up my files afterwards is wonderfully therapeutic. try it

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    Mute Mary Conlon
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    Sep 23rd 2012, 2:44 AM

    I am s Conlon by marriage . They are very controlling people. I don’t have a voice I’n my home.

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