Ireland requests billions in euro loans from EU

Ireland has requested "billions" of dollars in loans from both the IMF and the European Union.  Ireland has significantly struggled economically ever since the stock market crisis in 2008.  The Irish government had continually put off formal loan requests from the IMF and European Union despite their faltering economic status.  According to the article, it is highly likely that Ireland's request for funds will be met by the international community.  Interestingly enough, both the UK and Sweden have considered offering loans to Ireland on their own behalf.  With the Euro now being the most commonly accepted form of currency in Europe, it is critical for member countries of the European Union to keep all Euro representative countries afloat economically. 

By: Cameron Adams