FRANKFURT (MNI) – Following is the text of the statement issued
Sunday by the Central Bank of Ireland following the decision of European
Finance Ministers to grant financial aid to Ireland in a package
totaling E85 billion.
Ireland itself will contribute E17.5 billion to the aid package and
will cease contributing to the rescue fund for Greece. The remaining
E67.5 billion of the Ireland package will come from Eurozone and
non-Eurozone EU members and the International Monetary Fund:
“The Governing Council of the European Central Bank (ECB) welcomes
the economic and financial adjustment programme which was agreed by the
Irish government following the successful conclusion of the negotiations
with the European Commission, in liaison with the ECB, and the
International Monetary Fund.
The programme contains the necessary elements to bring about a
sustainable stabilisation of the Irish economy. It addresses in a
decisive manner the economic and financial causes underlying current
market concerns and will thereby contribute to restoring confidence and
safeguarding financial stability in the euro area.
The Governing Council welcomes the commitment of the Irish public
authorities to take any further measures that may become appropriate to
achieve the objectives of the programme.”
–Frankfurt bureau tel.: + 49-69-720142. Email: frankfurt@marketnews.com
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