Barroso ‘monitoring crisis’ but no sign of Ireland seeking aid

EUROPEAN Commission president Jose Manuel Barroso said he is monitoring the Irish crisis on a daily basis, but officials say there has been no hint that Ireland is preparing to access the €750 billion bailout fund.

As the cost of Irish borrowing created a new record for the 13th day, Irish economists said there was no reason for the Government to seek a bailout.

But some said it could relieve pressure on the eurozone if Ireland sought money from the fund sooner rather than later.