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Danish loan paid back well ahead of schedule

Loan to Denmark repaid early due to faster than expected growth in the economy
Loan to Denmark repaid early due to faster than expected growth in the economy

The Government has repaid Denmark a 3 billion Danish crown (€400m) loan, extended under an EU/IMF bailout, four years ahead of schedule, the Danish ministry of finance said today. 

The loan was part of a larger European Union and International Monetary Fund loan package delivered to Ireland in 2010 after the country was hit hard by a banking collapse in 2008.  

It was due to be paid back between 2019 and 2021, but was repaid in full after the economy here recovered faster than expected.