Τρίτη, Νοεμβρίου 16, 2010

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IRELAND ON THE BRINK...

[...]

Confused reports continued to swirl as Irish finance minister Brian Lenihan prepared to meet eurozone colleagues over dinner in Brussels on Tuesday night. Dublin has so far admitted to holding talks over "market conditions" with EU partners but insists that it is fully-funded until June and hopes to calm nerves with €6bn (£5.1bn )of budget cuts in early December.

Simon Derrick from the Bank of New York Mellon said the negotiations over Ireland's bail-out have been astonishing. "The creditors say please take the money, and the debtor says 'we don't want it'. It's very odd."

[...]

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