Ireland Will Use Bailout

Irelands financial minster Brian Leninan announced that Ireland will be applying for the International Monetary Fund bailout package. It is a multibillion euro package. Lenihan resorted to this after the Irish bond investors turned him down month after month. The European Union supports this move and believes that this is crucial to attaining stability in the EU. This is an issue because there is word that it will spread to Portugal and even Spain. To fix the problem and stop the debt from spreading to other countries, Ireland will only rely on help from the EU.

Heidi Goetsch