Ireland to Seek EU-Led Bailout as Lenihan Works to Avert Bank ‘Collapse’

November 21st, 2010

Via: Bloomberg:

Finance Minister Brian Lenihan said Ireland will apply for a bailout as it sets itself up to be the second euro member to seek a rescue from the European Union and the International Monetary Fund.

“I will be proposing to my colleagues that they should formally apply for a program,” Lenihan said in an interview with state broadcaster RTE in Dublin. “The banks were too big a problem for the country. The key issue all the time for the government is to ensure that we do not have a collapse of the banking sector.”

Posted in Economy | Top Of Page

One Response to “Ireland to Seek EU-Led Bailout as Lenihan Works to Avert Bank ‘Collapse’”

  1. Eileen says:
    November 23, 2010 at 5:32 am

    Kevin,

    I don’t know if Ireland was “Desparately Seeking a Bailout” or that they were “told” by TPTB that they WOULD be taking a bailout.
    Methinks whether we know it or not, we are witnessing the currency and bankster wars. Whose is going to win?
    The Euro? the dollar? Who is going to be in “charge?” Its a game of musical chairs. Just because of its astrological chart, this time around I think its going to be the U.S. left with out a seat and not even wearing a suit when the party is over. That’s been coming aroung the mountain for a LONG TIME now

Leave a Reply

You must be logged in to post a comment.