Sweden could offer bailout loan funds

Sweden are looking at the possibility of offering a bilateral loan to Ireland of around $1.5 billion as part of the bigger bailout loan according to the Swedish Finance Minister Anders Borg.

Ireland is discussing a bailout loan from the IMF and EU in the region of 80-90 billion euros.

“So we are dealing with something between 5 and 10 billion crowns ($728 million-$1.46 billion),” Borg said on Swedish radio.”

“I’m thinking of Denmark, Norway and perhaps Switzerland. It could be natural for these countries to ask themselves the question if they could contribute to a bilateral programme.”

They however said for a bailout loan for other countries in the EU their would be a higher bar.