Spain has become the fourth country to seek a European bailout.
The IMF has released another €1.5 billion of bailout loan funding, and also complimented Ireland’s strategy for economic recovery.
A worsening of the economic outlook could force a second Irish bailout loan.
Ireland’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.
Officals are currenty in talks with the ECB regarding an Irish bailout loan from Europe.