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Senior European officials laid the groundwork for a bailout of Ireland that could reach €100 billion ($136 billion), saying experts would travel this week to Dublin to examine the country’s finances amid alarm about the dire straits of the Irish banking system.
I suppose this statistic is going to be splashed everywhere before long, but this is roughly 60% of Ireland’s GDP. It would be about equivalent to the United States getting a bailout of $9 trillion. Just so you know.
