Gerry Adams's infamous expression about the IRA that "they haven't gone away you know" is a fitting description for the role of the Troika after Ireland leaves the bailout.

The spectacle of suited economists clutching laptop cases scuttling into the Department of Finance to pore over the books will be less frequent than before.

But the nameless number crunchers won’t vanish entirely. Instead of four "review missions" every year there will be two. That will continue until Ireland has repaid 75% of its Troika borrowings.