German finance minister says Ireland bailout not automatic

21st November 2010, Comments 0 comments

German Finance Minister Wolfgang Schaeuble said Sunday he expected Ireland to make a request for a bailout imminently, but warned that approval was not automatic.

"Ireland has announced (that it will ask for the bailout), but it is not formal yet," Schaeuble said on public television. "Then it must be assessed whether the stability of the eurozone as a whole is at stake, that is the condition. We are not just defending a member state but our common currency."

© 2010 AFP

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