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Ireland Said to Be in Aid Talks for Government, Banks

Ireland is in talks with European Union and International Monetary Fund officials about a bailout that would shore up the state’s finances as well as enable it to inject capital into the country’s banks, said a European official with direct knowledge of the talks.

The two-part funding package would mean Ireland wouldn’t have to tap the bond market for an extended period as it tries to cut the budget deficit, said the person, who spoke on condition of anonymity. It would also give the government capital to help banks if necessary. Ireland says it’s fully funded into mid-2011.