Ireland ‘could receive billions’ in EU bailout – Irish Central Bank

IRELAND could receive “tens of billions” of euros in an international bailout, the head of Ireland's Central Bank said overnight as EU and IMF experts arrived in the country to assess the situation. Patrick Honohan said he expected that a “very substantial loan, tens of billions,” would be made to prop up the crisis-hit economy, in one of the clearest signs yet that Ireland was prepared to accept help. “It’s not my call. It’s the Government at the end. It’s my expectation that that is what is likely to happen,” Mr Honohan told RTE Radio. The mission from the European Union, the European Central Bank and the International Monetary Fund is expected to start…

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Ireland ‘could receive billions’ in EU bailout – Irish Central Bank

Posted by on November 18, 2010. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry