November 2010
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Friday 12 November
France Germany and the United Kingdom issued a joint statement to calm the bond markets (Source).
Bank of Ireland reported that its outside borrowing had increased by €12 billion, or 11 percent of its assets (source).
Thursday 18 November
Patrick Honohan, the governor of the Central Bank of Ireland, said in an interview on the Irish state broadcaster RTE that “we’re talking about a very substantial loan for sure” and that such a rescue would be “in the tens of billions” of euros. (Source).
Friday 19th November
Allied Irish Bank reported that its additional borrowing was €27 billion, or 16 percent of its balance sheet (Source).
Sunday 21 November
Ireland formally applies for aid from the EU and IMF. The application was formalised by a cabinet meeting. The Irish cabinet began meeting at 3 p.m. Sunday and was expected to make an announcement at 7 p.m.(Source).
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