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Will Irish bailout spark contagion?

Publié par Clifford Armion le 22/11/2010

David McKittrick and Sean O'Grady

"The Irish government bowed to the inevitable last night and confirmed that it is requesting tens of billions of euros from international institutions to rescue its struggling economy and stricken banks.

"It finally abandoned days of prevarication - characterised by the opposition as a vain pretence - that it had no need of any major aid package from the International Monetary Fund, the European Union and the European Central Bank. The request for assistance is now formally being lodged with these bodies, with officials from all three having spent several days in Dublin for talks which concluded on Saturday night.

"The fact that a deal has finally been hammered out with the Irish government is unlikely to assuage fears that other eurozone members will need a bailout in the coming weeks. Commentators have expressed serious doubts that Portugal can continue without EU and IMF assistance, with a growing number also expressing doubts about the financial strength of Spain, and even Italy."

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Pour citer cette ressource :

"Will Irish bailout spark contagion?", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2010. Consulté le 25/02/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/will-irish-bailout-spark-contagion-