Thursday 11 November 2010

Ireland bailout likely before end of 2011 - Reuters poll

(Reuters) - Ireland will seek international rescue funds before the end of next year, according to two thirds of economists and bond strategists polled by Reuters on Thursday.

Twenty of the 30 analysts surveyed said Ireland would not make it through to the end of 2011 without tapping external funds. The value of any bailout would be around 48 billion euros (40 billion pounds), according to a median of forecasts from the 10 respondents who gave a figure.

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