Irish Officials In Economic Rescue Talks

  • Playlist
  • Download
  • Embed
    Embed <iframe src="http://www.npr.org/player/embed/131378376/131378354" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

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."

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.

Copyright © 2010 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.