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  • IMF Reaches Staff-level Agreement With Ireland On €22.5 Billion Extended Fund Facility Arrangement

    Date 28/11/2010

    Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement today on Ireland: “The Irish authorities have today proposed a clear and realistic package of policies to restore Ireland’s banking system to health and put its public finances on a sound footing. Immediate actions to tackle vulnerabilities in the banks and continued strong fiscal adjustment are set in a multi-year policy framework for sustained growth and job creat

  • Statement By The Eurogroup

    Date 28/11/2010

    The recent events have demonstrated that financial distress in one Member State can rapidly threaten macro-financial stability of the EU as a whole through various contagion channels. This is particularly true for the euro area where the economies, and the financial sectors in particular, are closely intertwined.

  • Joint Statement On Ireland By EU Commissioner Olli Rehn And IMF Managing Director Dominique Strauss-Kahn

    Date 28/11/2010

    Mr. Olli Rehn, European Union Commissioner, and Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following joint statement on Ireland today: “We strongly support the economic program announced today by Ireland. It is a forceful response to vulnerabilities in the banking system imposing a heavy cost on the budget and, in turn, hurting the prospects for growth that Ireland needs for an enduring solution to the crisis. Thi

  • Statement By The Eurogroup And ECOFIN Ministers

    Date 28/11/2010

    Ministers unanimously agreed today to grant financial assistance in response to the Irish authorities' request on 22 November 2010. Ministers concur with the Commission and the ECB that providing a loan to Ireland is warranted to safeguard financial stability in the euro area and the EU as a whole.

  • The President Of The European Council Welcomes The Statement Of The Eurogroup On A European Stability Mechanism And The Agreement On The Irish Program

    Date 28/11/2010

    The president of the European Council welcomes the statement of the Eurogroup on the European Stability Mechanism.

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