Windsor Star

‘Tens of billions’ in Ireland bailout

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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.

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