DUBLIN — Irish Prime Minister Bertie Ahern says the EU-IMF bailout fund for his cash-strapped country could total €85 billion ($115 billion) but has yet to be agreed.
Cowen told lawmakers Wednesday that "an amount in the order of €85 billion has been discussed." He was responding to Irish media reports that this would be the total aid offered.
The premier spoke hours before his government publishes a four-year austerity plan, a prerequisite for Ireland's receipt of any EU-IMF aid.
The plan seeks €10 billion ($13.3 billion) in spending cuts and €5 billion ($6.7 billion) in tax increases so that Ireland's 2014 deficit can be reduced to 3 percent of gross domestic product, the euro-zone limit. Ireland's deficit this year is forecast to reach 32 percent, a modern European record.
- Winners and losers under Obama's immigration...
- Consumer group lists '10 worst toys' for kids
- Fact check: Obama's claims on illegal...
- Q&A with President Henry B. Eyring, Elder L....
- 37 homes collapse, dozens injured in...
- Obama immigration plan good, not great for...
- 'Mockingjay, Part 1' opens with $123 million
- A GDP showdown: How do state GDP numbers line...
- President Obama's immigration reforms... 65
- Utah members of Congress slam Obama's... 55
- Pastors opposed to same-sex marriage... 37
- Obama to announce immigration action... 30
- Fact check: Obama's claims on illegal... 18
- President Obama's immigration speech... 14
- Boehner: 'We will not stand idle' on... 14
- Winners and losers under Obama's... 14