Irish Officials In Economic Rescue Talks
RENEE MONTAGNE, host:
Today's business news starts with the woes of the Irish.
(Soundbite of music)
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.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.