French central bank chief confident on Ireland bailout

29th November 2010, Comments 0 comments

Bank of France governor Christian Noyer said on Monday he had "no doubt" that the 85 billion euro bailout of Ireland agreed at emergency talks in Brussels would be successful.

"The package has been clearly designed by the IMF and the EU and you can rely on the multi-decade experience of the IMF to put in place plans which are totally credible," he told reporters in Tokyo on the sidelines of a financial forum.

"There is absolutely no doubt that this plan will work," he said of the 113 billion dollar bailout, adding that Ireland has launched "extremely tough measures to restructure its financial sector."

© 2010 AFP

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