Government pays second part of rescue loan to Ireland

The government said on Tuesday it had released the second part of its bilateral rescue loan to Ireland, after the euro zone state passed a review of its financial assistance from the European Union and the International Monetary Fund.

The Treasury said it paid out on Monday 403.37 million pounds of a 3.2 billion pound bilateral loan agreed in late 2010 as part of international efforts to stabilise Ireland's economy, a victim of the euro zone debt crisis.

"The government believes that it is in our national interest that the Irish economy is successful and its banking system is stable," a spokesman for the Treasury said.

"The government continues to support Ireland's efforts to improve its economic situation."

(Reporting by Matt Falloon)

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