Ireland's four-year plan to be published Tue-report | Reuters
WRAPUP 1-Ireland's four-year plan to be published Tue-report | Reuters: "Ireland's four-year plan to reduce its deficit will be published on Tuesday, ahead of any international financial aid package, the Irish Times newspaper reported on Saturday.
International Monetary Fund and European Commission officials are in Dublin to discuss a bailout to help Ireland cope with its struggling banks after concerns about bank liabilities and plans to restructure eurozone debt sent borrowing costs rocketing.
Last month, Ireland doubled to 15 billion euros ($21 billion) the amount of money it reckoned was needed to bring its deficit under control by 2014, a move the finance minister said was to ensure the country would not need a bailout. But that failed to calm jittery markets.
Ireland's central bank chief acknowledged this week the country needed a loan running into tens of billions of euros to shore up a banking sector that has grown dependent on ECB funds and seen an exodus of deposits over the past six months."
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