Some breaking news from the Irish Times: Lenihan to seek Cabinet approval for financial bailout
Minister for Finance Brian Lenihan said he would seek Cabinet approval later today for a financial bailout from the International Monetary Fund (IMF) and the European Union.In addition to Ireland, the bond yields to watch are for Portugal and Spain to see if the problem spreads.
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"I will be recommending to the Government that we should apply for a program and start formal applications," he said.
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