Greek bailout may cost Ireland up to €1bn

Ireland could end up paying as much as €1bn towards a new bailout for Greece under its international obligations.

Public Expenditure Minister Brendan Howlin yesterday said that if Greece was to get a new programme, Ireland would be obliged to pay 2% of any new bailout

The International Monetary Fund (IMF) last week warned that the Greek economy would need an extra €50bn package for a potential third bailout programme.