A team of EU and IMF inspectors will arrive in Ireland today to take a closer look at the nation's banking system and prepare for a possible €80bn bailout.
Europe's economics commissioner Olli Rehn believes Ireland is not strong enough to back-stop a banking system shut out of capital markets and suffering a haemorrhaging of bank deposits, the Telegraph reports. The British government has also said it will assist in any rescue of the Irish economy as it is the UK's "national interest". Read more here Greece reaches budget agreement with lender Greece has reached an agreement with its international lenders on a final draft of next year's budget after adopting up to €4bn in additional austerity measures. A delegation of officials f...
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