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Tag: Irish bailout

EU backs Irish bailout, sketches permanent plan - 29 November 2010 - News

The EU approved an 85 billion euro rescue for Ireland on Sunday (28 November) and outlined a permanent system to resolve Europe's debt crisis, but market pressure is expected to return soon on most indebted nations such as Spain and Portugal.

Ireland heading for elections after EU bailout outcry - 23 November 2010 - News

Irish Prime Minister Brian Cowen defied mounting pressure to quit on Monday (22 November), saying he would stay in office until parliament had passed an austerity budget needed to secure an IMF-EU bailout, then call an early election.

EU, Ireland agree on bailout package - 22 November 2010 - News

European Union finance ministers yesterday (21 November) agreed a request from Ireland to help it deal with its crippling debt problem. The plan, to be finalised this week, is estimated to be worth 80-90 billion euros and will be subject to strict conditionality, including a four-year austerity budget.

EU-IMF team en route to Dublin for bailout talks - 18 November 2010 - News

A team from the European Commission, the International Monetary Fund and European Central Bank are en route to Dublin this morning to assess help for Ireland's struggling banking sector and decide whether an EU loan is needed to shore up government finances, which were badly hit by efforts to rescue the country's banks.

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