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Irish Minister: No Talks Or Pressure For EU Bailout - Radio
Date 14/11/2010 16:40  Author webmaster  Hits 1117  Language Global
14 NOV 2010

DUBLIN (Dow Jones)--Ireland hasn't been in discussions for a rescue package from the European Union and is under no pressure from the EU to accept financial support, Batt O'Keeffe, the country's minister for enterprise, trade and innovation, said on local radio Sunday.

"The fact is that we're certainly very different to Greece in that we're financed right up to the middle of next year," he said on RTE radio. "As well as that, we have a pension reserve fund of 25 billion [euros]. We certainly haven't looked to Europe."

European financial markets swung wildly Friday amid heightened concerns about Ireland's economic problems and a report and market talk that the country is in talks for emergency EU funding.

Ireland's prime minister and finance minister have both denied the government is in discussions for financial support from the European Financial Stability Fund.

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