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WORLD
November 27, 2010 | By Henry Chu, Los Angeles Times
Ireland is on the verge of reaching a preliminary agreement with international finance officials on a massive bailout package, a government minister said Saturday, even as thousands of angry demonstrators marched through Dublin to protest the country's latest round of painful public-spending cutbacks. Irish Communications Minister Eamon Ryan told broadcaster RTE that his colleagues and their counterparts from the International Monetary Fund and the European Union were working hard to produce an "outline agreement" in time for the opening of financial markets Monday.
WORLD
November 28, 2010 | By Henry Chu, Los Angeles Times
European officials rescued their second country in seven months Sunday, offering financially strapped Ireland a bailout package worth $113 billion in a bid to shore up confidence in the battered euro. Dublin quickly accepted the emergency lifeline, hoping to calm anxious investors ahead of the opening of international markets Monday. The move was a humiliating climb-down for the Irish government, which had insisted for weeks that it did not need outside help to deal with its crushing public debt and decimated banking sector.
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