EU finance ministers agree €85bn bailout for Ireland at 5.8% rate; Germany/France agree new rescue mechanism from 2013
Nov 28th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
EU/IMF: EU finance ministers today agreed an €85bn bailout deal for Ireland at a meeting in Brussels, at an interest rate of 5.8% based on current conditions. Meanwhile, German and French leaders Angela Merkel and Nicolas Sarkozy agreed on the terms of a new rescue mechanism for Eurozone countries, which will take effect from 2013.