EU and IMF help Ireland banking in danger

From 18 EU and IMF debt from the date of review by the accounts of troubled Bank of Ireland, once the external assistance required, size, or up to 1 trillion dollars.

Integrated media reported on November 18, the European Union (EU) and International Monetary Fund (IMF), the date of the review from 18 accounts of Bank of Ireland, opened the EU might provide assistance to the prelude to the Irish banking sector.

16 euro zone finance ministers said earlier that the joint assessment will decide whether Ireland can solve their own problems in the banking sector or the EU and the IMF need to apply for 7,500 million euros (about 1 trillion U.S. dollars) in relief funds.

Ireland fears the euro zone is becoming a staging ground for a new wave of debt crisis. In order to avoid the crisis spread to Portugal and Spain and other euro-zone countries, some EU member states and the European Central Bank is actively urging the European Union assistance mechanism for Ireland start as soon as possible.

Greek debt crisis, the euro area member states joint IMF introduced in May 2010 a total of 7,500 million euros in European stability mechanism for Greece, followed the steps for the subject to provide relief for the euro countries.