Spain has become the fourth country to seek a European bailout.
Positive words from IMF as new loan funds announced
EconomyThe IMF has released another €1.5 billion of bailout loan funding, and also complimented Ireland’s strategy for economic recovery.
Finance Minister: EU and IMF loan profits “excessive”
EconomyIt was reported today that the EU and IMF stand to gain as much as €9billion in profit over the course of the €67.5billion bailout loan.
Weakening economy could necessitate second bailout loan for Ireland
NewsA worsening of the economic outlook could force a second Irish bailout loan.
Allied Irish Bank face high rate of withdrawals
NewsIreland’s second largest bank AIB today revealed an enormous outflow of bank funds during the year, tripling its reliance on funding from the central bank.
Irish bailout loan announcement
NewsOfficals are currenty in talks with the ECB regarding an Irish bailout loan from Europe.