• Out of 85 bln EU/IMF aid to Ireland, 35 bln for financial sector, 50 bln for government
• Division of the 85 bln between EFSM, EFSF and IMF not decided yet. But about 20 bln will come from IMF
• No pressure on Portugal to accept EU aid. There is positive sentiment towards Portuguese 2011 budget
• There is concern about contagion, but Portugal can avoid it by clearly spelling out structural refoms, consolidation steps