November 21st, 2010
09:27 PM ET

Ireland requests billions in euro loans from EU

Ireland has formally requested substantial "financial assistance" from the European Union and International Monetary Fund to buttress the government and bolster its struggling banking sector, Prime Minister Brian Cowen said Sunday night.

"I want to assure the Irish people that we have a better future before us," Cowen said in announcing the request, as well as pledging substantial budget cuts and tax hikes.

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Filed under: Economy • Europe • Finance • Ireland
soundoff (7 Responses)
  1. ger,rice

    easy for cowen to talk ask us poor people and our poorer children after our governments eneptatude

    November 21, 2010 at 10:00 pm | Report abuse |
  2. Sean M

    Ireland needs to get rid of all their rocks. Once Ireland is free of rocks, Jesus will return. Then money won't matter a bit.

    November 21, 2010 at 11:36 pm | Report abuse |
  3. CaptainObvious

    I could have sworn I heard presidential candidates touting Ireland's low taxes as reasons for it's thriving economy. The candidates used it as a reference for addressing America's problematic economy.

    November 21, 2010 at 11:41 pm | Report abuse |
  4. mr. Inchaaaaaaaaa

    exactly.... American politicians...all of them in fact used ireland as the example of free market yankee doodle style success and freedoms...but not one of them will bail out ireland or greece while seeking to destroy selected economies while playing world police cherades.. Soon enough we will see americans speaking more openly about how americans have been hoodwinked and robbed by american media associates and those wealthy from select military..political insider and banking sector favors... Ireland is the child of american and british policy... See the results of the american adolescent internet banking disinformation and deception revolution... Sanctioned by bush cheny hillary info fantasy world.

    November 22, 2010 at 2:06 am | Report abuse |
  5. phil

    @above....you fail to factor in the Bank for Intrnational Settlements relationship with federal reserves the world over. Or have you even heard of them?

    November 22, 2010 at 4:21 am | Report abuse |
  6. Andreas Moser

    And Germany has to pay again 😦

    November 22, 2010 at 9:15 am | Report abuse |
  7. Mmmmm

    Oust all banks! The will of the people should drive prosperity! Not the banks!

    November 22, 2010 at 9:41 am | Report abuse |