Ireland holds talks on bank crisis with ECB

Article reports that Ireland was looking at a special deal with the European Central Bank in March 2011 to secure financial support for resolving the crisis in its struggling banking sector.

The Irish Times reported that the ECB was working on an emergency plan to deepen its support for Ireland’s ailing financial system with a new scheme to provide banks with more than €60 billion in medium-term 'liquidity' loans.

ESO: Background information: ECB helped fuel Irish bubble, says ex-PM http://www.europeansources.info/record/ecb-helped-fuel-irish-bubble-says-ex-pm/

ESO: Background information: Moody’s cuts Irish bank ratings to junk status http://www.europeansources.info/record/moodys-cuts-irish-bank-ratings-to-junk-status/

Irish Times, 25.3.11: ECB plans emergency €60bn scheme for Irish banks http://www.irishtimes.com/news/ecb-plans-emergency-60bn-scheme-for-irish-banks-1.583058?mode=sample&auth-failed=1&pw-origin=http%3A%2F%2Fwww.irishtimes.com%2Fnews%2Fecb-plans-emergency-60bn-scheme-for-irish-banks-1.583058

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