Irish minister: Deal on Ireland's bailout could come Sunday
An Irish government minister said Saturday he expects an agreement within the next 24 hours on an EU-IMF bailout loan for Ireland worth approximately €85 billion ($115 billion), but rejected reports that the aid could come with a punitively high interest rate.
Communications Minister Eamon Ryan said all sides in the 10-day-old financial rescue talks in Dublin want at least "an outline agreement" before markets open Monday. Ireland has been priced out of bond markets and needs a loan to cover coming deficits and to fund its cash-strapped banks. (AP)
