Ireland to Begin Talks in Prelude to Possible EU Aid
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European Union and International Monetary Fund experts will start scanning the books of Ireland’s debt-laden banks tomorrow in Dublin in a prelude to a possible aid package to stem Europe’s widening fiscal crisis.
Finance chiefs from the 16-country euro area said the joint assessment will determine whether Ireland can fix the banking system on its own or needs to fall back on the EU-IMF 750 billion-euro ($1 trillion) rescue fund.