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Irish could see 'substantial loan'

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Irish could see 'substantial loan'

A
Al Jazeera English

1 Views • Jul 24, 2012

Description

The pressure is mounting on Ireland, as it desperately tries to stabilise its economy.

IMF and European officials are in Dublin to discuss how to help the country deal with its debt crisis.

After all the denials from Ireland's leaders that it can manage its finances, it now looks all but inevitable that they will have to accept a huge financial bailout.

The head of the central bank has come out to say he expects a substantial loan, running into tens of billlions of euros.

Al Jazeera's Alan Fisher reports from Dublin.