Ministers sign off on €85bn Ireland deal

Eurozone Finance Minister reached an agreement on the 28 November 2010 over a bail-out for the Irish Republic worth about €85bn. The bailout also includes bilateral loans from Britain, Sweden and Denmark. The IMF and the ECB were also involved.

The Ministers also outlined a permanent system to resolve Europe's debt crisis (European Stability Mechanism).

Ireland: Houses of the Oireachtas: Press Release, 14.12.10: European Affairs Committee agrees to undertake examination of terms of EU loans to Ireland http://www.oireachtas.ie/parliament/mediazone/pressreleases/name-2050-en.html

EUObserver, 29.11.10: EU agrees €85 billion Irish rescue, Dublin to raid pensions fund http://euobserver.com/9/31373

EurActiv, 29.11.10: EU backs Irish bailout, sketches permanent plan http://www.euractiv.com/euro-finance/eu-backs-irish-bailout-sketches-news-500072

ESO: Background information: Plans for fiscal rescue mechanism move forward http://www.europeansources.info/record/plans-for-fiscal-rescue-mechanism-move-forward/

Council of the European Union: Statement by the Eurogroup and ECOFIN Ministers, 28.11.10 http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/118051.pdf

Ireland: Government: Government Statement: Announcement of joint EU - IMF Programme for Ireland, 28.11.10 http://www.merrionstreet.ie/wp-content/uploads/2010/11/Government-Statement-on-EU_IMF-programme.pdf

Irish Times, 29.11.10: Opposition condemns use of pension fund in €85bn bailout http://www.irishtimes.com/news/opposition-condemns-use-of-pension-fund-in-85bn-bailout-1.682955

BBC News, 28.11.10: Irish Republic 85bn euro bail-out agreed http://www.bbc.co.uk/news/world-europe-11855990

ESO: Background information: Ireland unveils four-year recovery plan http://www.europeansources.info/record/ireland-unveils-four-year-recovery-plan-dublin-fails-to-dispel-eurozone-debt-fears/

Irish Times, 28.11.10: Ireland to get €85bn in EU/IMF aid at 5.8% rate http://www.irishtimes.com/newspaper/breaking/2010/1128/breaking1.html

Deutsche Welle, 28.11.10: EU finance ministers agree to Irish bailout http://www.dw-world.de/dw/article/0,,6274776,00.html

IMF: Press Release, 28.11.10: IMF Reaches Staff-level Agreement with Ireland on €22.5 Billion Extended Fund Facility Arrangement http://www.imf.org/external/np/sec/pr/2010/pr10462.htm

IMF: Press Release, 28.11.10: Joint Statement on Ireland by EU Commissioner Olli Rehn and IMF Managing Director Dominique Strauss-Kahn http://www.imf.org/external/np/sec/pr/2010/pr10461.htm

France24, 28.11.10: Ireland obtains 85 billion euro aid package from EU http://www.france24.com/en/20101128-ireland-finalises-euro-aid-package-eu-financial-banking-credit-crisis-brussels-bailout-debt

Irish Times, 29.11.10: Opposition condemns deal http://www.irishtimes.com/newspaper/breaking/2010/1129/breaking11.html

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