-- Ireland may ask for a fund amounting to “tens of billions” of euros to rescue its banks to shore up the nation’s finances after talks with European Union and International Monetary Fund conclude.
“If these talks were to result in a substantial contingency capital funding” pool that didn’t need to be drawn down, that “would be a very desirable outcome,” Finance Minister Brian Lenihan said in the Irish parliament in Dublin today. --
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Comment: Ireland has enough liquidity on its own and with the additional credit line there is little risk left of a default. Ireland will put its efforts into avoiding to draw ny rescure money. Anyway, it is time to go back golfing again. Where? In Ireland, of course.
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