Fresh off the wires:
DUBLIN, Dec 15 (Reuters) – Ireland’s parliament voted in favour of an 85 billion euro EU/IMF bailout on Wednesday, paving the way for the IMF to approve its portion of the funds later this week.
Deputies voted 81 to 75 in favour of the package, which provides 35 billion euros in support for the banking sector and 50 billion euros to cover the country’s borrowing costs over the next three years.
Still, a few worst-case scenarios had the bailout passing by just two votes — so this might actually be more forceful than some had expected.
Related links:
Irish lawmakers to vote on EU-IMF bailout deal – AFP
Ireland: doomed – FT Alphaville