Irish Bail-Out in the Uk's Interest, Claims Osborne

Summary


It is in Britain's national interest to commit billions of pounds to help bail out the Irish economy, Chancellor George Osborne insisted yesterday.

He said the UK is making a separate bilateral contribution to the rescue package to reflect the fact that it is not in the euro, and confirmed Britain's total exposure is "around" Pounds 7 billion.

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Irish Bail-Out in the Uk's Interest, Claims Osborne

The Irish Government confirmed it was seeking the bail-out funds and talks are under way to confirm details of the package ne...

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