Honohan: Ireland to have 'very substantial loan'

The governor of the Irish Central Bank has said he expects the Irish government to accept a 'very substantial loan', worth tens of billions of dollars, to help support the country's economy.

However, Patrick Honohan said the decision would be one for the Irish government, not for him.

His comments came ahead of talks in Dublin between the Irish government and officials from the European Union and the International Monetary Fund.

Ireland insists it does not want or need a bail-out, but it is under growing pressure to accept help.

Published
Section
BBC News