Ireland may need more aid says Bini Smaghi

Former ECB executive board member Lorenzo Bini Smaghi said officials must accept that Portugal and Ireland may need further assistance if they want to limit debt restructuring to Greece.

15th March, 2012
Ireland may need more aid says Bini Smaghi
Lorenzo Bini Smaghi.

Former European Central Bank executive board member Lorenzo Bini Smaghi said officials must accept that Portugal and Ireland may need further assistance if they want to limit debt restructuring to Greece.

“It should be recognized right away that Portugal may not be able to return to the markets next year and needs an additional bailout package,” Bini Smaghi said in an article published on the *Financial Times* website today. “If it is unable to finance...

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