Irish Officials may accept package

Irish Minister for Finance Brian Lenihan said today the Government could accept an aid package for the banks after talks in Dublin with the European Union and International Monetary Fund.

Speaking during a Dáil debate on the negotiations this morning, Mr Lenihan said the establishment of a fund would be a “very desirable outcome” but insisted no final decisions had been made. He said it was possible that the funds would be made available “but not drawn down”.

Mr Lenihan also denied claims the Government had been keeping the electorate in the dark over the extent of the negotiations.

Earlier, Central Bank governor Patrick Honohan said he expected the Government will have to accept a “very substantial” loan, amounting to tens of billions of euro.

Irish Times

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell