| 5.7°C Dublin

EU chief backs us

EU Economic and Monetary Affairs Commissioner Olli Rehn, says he is sure that Ireland would deal with the current economic problems.

"I have full confidence on Ireland ... to complete the financial repair and the necessary restructuring of the banking and financial sector," Mr Rehn said. He urged the Irish Government to implement a "rigorous approach", saying that while tens of billions of euro thrown at its banks represented a "convincing" effort, it would still prove a "costly" repair job.