Wednesday 17 January 2018

Siobhan Creaton: EU bailout rumour a tale of spin and counter-spin

Siobhan Creaton

By the time Brian Lenihan sits down with his fellow EU finance ministers tomorrow, he will have had plenty of time to figure out which of their officials have been busiest in orchestrating a campaign in the international media to force Ireland to take an EU bailout.

Ever since a report by Reuters quoted an "official source" as saying that Ireland was in talks to receive emergency funding from the EU on Friday, the Government has been feeling the heat.

Immediately, there was speculation that the country was braced to accept an EU rescue package of between €60bn and €80bn -- effectively signalling that it was broke. Our worst fears were about to be realised.

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