‘Tens of billions’ in Ireland bailout
DUBLIN Ireland could receive “tens of billions” of euros in an international bailout, the head of Ireland’s Central Bank said on Thursday, as EU and IMF experts arrived in the country to assess the situation.
Patrick Honohan said he expected that a “very substantial loan, tens of billions,” would be made to prop up the crisis-hit economy, in one of the clearest signs yet that Ireland was prepared to accept help.
“It’s not my call. It’s the government at the end. It’s my expectation that that is what is likely to happen,” Honohan told RTE Radio.
The mission from the European Union, the European Central Bank and the International Monetary Fund is expected to start formal talks with Irish officials today to assess the financial situation of the debt-racked eurozone country.
The visit comes amid growing signs that Ireland could become the second eurozone economy after Greece to be bailed out this year.