On the brink of a bailout

High-level negotiations to finalise the historic €85 billion bailout deal between Ireland and the EU/IMF team are expected to lead to the announcement of a deal today.

27th November, 2010
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High-level negotiations to finalise the historic €85 billion bailout deal between Ireland and the EU/IMF team are expected to lead to the announcement of a deal today.

The crunch issues have been the interest rate on the money that Ireland will borrow, and the resulting burden on the public finances.

Negotiators have been under intense pressure to conclude a deal, with eurozone finance ministers on standby today to sign off an agreement, in the...

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