Ireland accepts 67.5bn rescue package, people prefer default

29th November 2010, Comments 0 comments

European finance ministers meeting in an emergency session have approved a rescue package for Ireland worth 67.5 billion, aimed at shoring up the country’s huge fiscal deficit and calming markets concerned that the Irish government would default on its obligations. In a surprise move, EU ministers on Sunday, 28 November, insisted Ireland use its pension ...

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