Ireland exited its EU-IMF bailout programme on 15 December 2013. Having implemented budget cuts, reforms and sold assets, Ireland was again able to access debt markets. Since then, Ireland has been able to sell long term bonds at record rates. However, the stabilisation of the Irish credit bubble required a large transfer of debt from the private sector balance sheet (highest OECD leverage), to the public sector balance sheet (almost unleveraged, pre-crisis), via Irish bank bailouts and public deficit spending. The transfer of this debt means that Ireland, in 2017, still has one of the highest levels of both public sector indebtedness, and private sector indebtedness, in the EU-28/OECD.