France, Germany seek prompt action on Irish bailout

25th November 2010, Comments 0 comments

German Chancellor Angela Merkel and French President Nicholas Sarkozy on Thursday urged quick action on an agreement providing Ireland with a financial bailout from the EU and IMF.

The two leaders, who spoke by telephone Thursday, "agreed that negotiations with the Irish government must be rapidly concluded", a statement from the chancellor's press office said.

Merkel and Sarkozy also said they had been "impressed by the public finance recovery program presented by the Irish government", the statement added.

Ireland, struggling with debt and a huge public deficit, is currently negotiating a rescue package with the European Union and the International Monetary Fund that could amount to around 85 billion euros (114 billion dollars).

Diplomatic sources in Brussels said the talks were set to be wrapped up on Sunday, with an announcement "probable" the same day.

© 2010 AFP

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