EU, IMF to lay groundwork for Irish rescue
Eurozone finance ministers agreed on Tuesday to lay the groundwork for bailing out Ireland’s banking sector with the IMF.
Eurozone finance ministers agreed on Tuesday to lay the groundwork for bailing out Ireland’s banking sector with the IMF.
European nations aim to formally launch the biggest financial bail-out of a country this week and hope it will bring calm to the markets.
The eurozone is emerging from recession, the European Commission said on Monday, although it kept a gloomy forecast for 2009.