BRUSSELS (Reuters) - Euro zone finance ministers agreed on Tuesday to lay the groundwork for bailing out Ireland's banking sector with the IMF, but said Dublin had to decide itself whether to request the aid.
Before the ministers announced their decision in Brussels, Irish Prime Minister Brian Cowen resisted pressure to request a bailout -- even though the nation's banking and budget crisis risks spreading to other weak euro zone economies and could endanger the stability of the wider currency bloc.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!