Lenihan proposes bailout application

Finance Minister Brian Lenihan is to ask the Government to apply for a bailout loan from the International Monetary Fund (IMF) and Europe.

Lenihan proposes bailout application

Finance Minister Brian Lenihan is to ask the Government to apply for a bailout loan from the International Monetary Fund (IMF) and Europe.

Minister Lenihan confirmed he will ask Cabinet colleagues today to agree to the unprecedented financial rescue.

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