Foreign stock markets rose after Irish government offiicals agreed to accept loans from the International Monetary Fund and the European Commission. But as AFP reports, it's unknown how much Ireland requested or what the loan terms are. Britain's chief finance minister, George Osborne, told the BBC Britain is ready to contribute about seven billion pounds (more than $11 billion dollars).The Guardian is liveblogging developments, especially how investors are responding to the news. The Guardian notes the cost of insuring Ireland's debt against default dropped seven percent today.
SIGNS OF THE TIMES: POPE BENEDICT SAYS SOME CONDOM USE 'OK'
The head of the Roman Catholic Church says the use of condoms may be justified in certain cases to stop the spread of disease. Benedict's comments are from a new book called 'Light of the World: The Pope, the Church and the Signs of the Times'. NPR's Sylvia Poggioli tells Morning Edition there's been a lack of clarity over just who the pontiff meant:
The Vatican caused confusion by issuing differing translations appear stronger than they were. The Italian version said there may be some justified cases and spoke of a 'female' prostitute. In any case, the remarks contrast with what Benedict said in March, 2009 on a trip to Africa, where he said not only is the distrivuti9on not the answer to the AIDS epidemic, condoms actually increase the problem.
The Catholic News Service notes Benedict's remarks translated in English discuss a male prostitute. The book's author asks Benedict if it's 'madness to forbid a high risk population to use condoms'. The Pope responds:
There may be a basis in the case of some individuals, as perhaps when a male prostitute uses a condom, where this can be a first step in the direction of a moralization, a first assumption of responsibility, on the way toward discovering an awareness that not everything is allowed and that one cannot do whatever one wants. But it is not really the way to deal with the evil of HIV infection. That can really lie only in a humanization of sexuality.