Irish Officials In Economic Rescue Talks

A financial rescue team is heading to Ireland this week to discuss a possible bailout for that debt-stricken country. Ireland has said repeatedly that it can fix its own problems. But the country's finance minister acknowledged that "urgent talks" were necessary to calm "serious market disturbances."

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RENEE MONTAGNE, host:

Today's business news starts with the woes of the Irish.

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MONTAGNE: A financial rescue team is heading to Ireland this week to discuss a possible bailout for that debt-stricken country. Ireland has said repeatedly that it can fix its problems on its own. But the country's finance minister acknowledged today that urgent talks are necessary to calm serious market disturbances.

EU officials have pressuring Ireland to take a bailout to shore-up the country's banks. There are fears that without help, the Irish government will be overwhelmed and that investor anxiety will spill over to the other EU countries.

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