Ireland may go it alone when it comes off emergency aid later this year and not sign up to a precautionary credit line that would smooth its bailout exit but bring political difficulties.
Rescued by Europe and the IMF in late 2010, Ireland has consistently hit the targets set under its bailout and closed in on weaning itself off emergency assistance last month by raising €5 billion ($6.5 billion) in a landmark 10-year bond sale.
The IMF, one of Dublin's "troika" of lenders, said last week it had begun talks on Ireland's bailout exit, including the possibility of extending a precautionary credit line, a safety net the European Commission has said it could also provide.
However finance minister Michael Noonan said Ireland wasn't actively pursuing a credit line and the source said that if Dublin can prove it has enough cash and that its troubled banks are in reasonable shape, it may not seek one.
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