21/11/2010 Ireland applies for a massive EU-IMF loan to bail-out its banks
Ireland insists no bailout needed
Ireland bailout talks continue
'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.
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