Ireland ‘in talks’ with EFSF

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The BBC are reporting that Irish officials are in preliminary talks with EU officials about accessing the European Financial Stability Fund (EFSF) for a bailout.

The talk is of a loan between €60-€80 billion to keep Ireland going.

The government has yet to deny that it is talks and officials have stated “it makes no sense” according to the BBC.

One Eurozone official told Reuters, “Talks are ongoing and European Financial Stability Facility (EFSF) money will be used; there will be no haircuts or restructuring or anything of the kind,”.

Next week is going to be an interesting week in Irish Politics.

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Author: Stephen

Cork born and bred, proud European and Irishman. Involved in many organisations and politics. Also writes for and UCC Express.

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