EU, IMF to lay groundwork for Irish rescue


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.

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