EU bailout pressure intensifies

A serious rift has developed between the Irish government and Europe, as pressure grows on Ireland to access the EU stability fund.

13th November, 2010
EU bailout pressure intensifies
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A serious rift has developed between the Irish government and Europe, as pressure grows on Ireland to access the EU stability fund.

The pressure is intensifying amid fears that Ireland’s troubles on the bond markets will spread to Portugal, Spain and Italy.

The European Central Bank (ECB) is believed to be among those explicitly urging the government to apply to the European bailout fund, which Frankfurt believes would calm the turmoil on the...

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