logo

Video encyclopedia

21/11/2010 Ireland applies for a massive EU-IMF loan to bail-out its banks

1:51

Ireland insists no bailout needed

1:54

Ireland bailout talks continue

5:01

'Irish bailout a gamble, Eurozone days numbered'

With yields on Irish Government debt rising rapidly, it was clear that the Government would have to seek assistance from the EU and IMF, resulting in a €67.5 billion "bailout" agreement. Together with additional €17.5 billion coming from Ireland's own reserves and pensions, the government received €85 billion.
    • Essentials 

    • Causes 

    • Evolution of the crisis 

    • Policy reactions 

    • Economic reforms and recovery proposals 

    • Proposed long-term solutions 

    • Controversies 

    • Political impact