The government is understood to be considering a request for a €10 billion credit line to aid Ireland's exit from the bailout.

If the request is approved, the Troika would grant Ireland the precautionary measure to help us return to the financial markets by the end of the year.

The Eurogroup Chief Jeroen Dijsellbloem says Europe will provide 'measures to support' Ireland's return to the markets and ensure the exit from the bailout is 'not a temporary one'.

Newstalk's Business Editor, Ian Guider, told the Breakfast show that Ireland is likely to be granted the credit line - but may never need to use it: