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.
Loans to consumers in Ireland have continued to decline.
A woman from Co Clare in Ireland has launched a legal bid after she was charged an interest rate of almost 20% on a sub-prime loan secured on her home.
According to the report lending can “horrendously expensive” for the people who are least able to afford to repay a loan.
Officals are currenty in talks with the ECB regarding an Irish bailout loan from Europe.