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Tuesday 23.10.2018 | Name days: Daina, Dainida, Dainis

Compared to Greece, Ireland’s bail-out could cost more

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The anti-crisis plan, which was drafted by the Irish government for the global economic crisis-affected country, could require more money from the international lenders than it was invested in Greece’s bail-out.

Although the Irish state officials did not specify the exact sum that the country needs, but made it clear that serious negotiations with the European Union (EU), European Central Bank and the International Monetary Fund (IMF) awaits Ireland, reports BBC.

The government is currently negotiating the drafted plan for the next four years, whose aim is to reduce the budget deficit, support banks and to overcome the present crisis. After the plan is approved, the international lenders will also be able to provide assistance to the country.

Sunday Times reports that the extent of international assistance package could amount to 120 billion euro, even though the state officials claim the assistance will not exceed 100 billion euro.

On the other hand, in three years time Greece will receive 110 billion euro from the international lenders.


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  1. O_O says:

    And everyone’s blaming Greece…

  2. nummi says:

    Who does not need bailing out?

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