An €85 billion ($110 billion) rescue package for Ireland was announced over the weekend. The European Commission (EC) will provide €67.5 billion and the rest will come from Ireland.

An immediate €10 billion cash injection will be made into Irish banks and a further €25 billion will be provided on a contingency bases as a buffer against further bank write downs as needed.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.