Ireland set for billions in bail-out loan

Ireland looks set to accept billions of euros to help bail out its banks.

The governor of the Irish Central Bank says he expects the republic to accept what he called a "very substantial loan" to help support the country's economy.

The Irish Prime Minister, Brian Cowen, has denied that any big loan has been agreed and says that he doesn't want to "pre-judge" the outcome of talks with officials from the EU.

Mark Simpson reports.

BBC News