The European Central Bank, the International Monetary Fund and European Union representatives quickly flew to the capital of Ireland with access to the current situation of public finances sector. Various Irish organizations in the country's financial insolvency forced the Central Bank to benefit from the proposed EU support. Irish Central Bank said that it is forced to take a few tens of billions of dollars a credit from the IMF and the EU. The loan amount would be quite impressive, the party in possession of sufficient resources, could prove capable of overcoming any problems in the financial sector, explained Mr. Honohan (Head of the Central Bank of Ireland). Loan interest rate will be similar to the Greek - about five percent per year.
It will be recalled that the country's budget deficit this year of around 32% of GDP and the debt just for investment banks in the state of the financial sector up to several hundred billion dollars. In addition, the banking sector in support of Ireland strongly increased government borrowing and public debt in recent days, the interest rate increased significantly. Therefore, investors are very worried about is whether the loan amount will be sufficient to stabilize the situation?
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