15th February 2009 - G7 ministers 'must help struggling Ireland' (TT)


With Ireland now seen as Europe's most troubled economy, thoughts are turning to the IMF and questions about whether the IMF reserves can meet the demands likely to be made upon it, as a result of the global financial crisis. The best hopes for additional funds to bolster the IMF coffers are China and Saudi Arabia. The Kingdom is leading a consortium which is expected to provide a loan of 50 billion US dollars.

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