85 BILLION loan. Last Week Roche, Cowen et al, were saying that we may not need to Borrow from the IMF And ECB. Lies, Lies Lies.

Taoiseach Brian Cowen has confirmed the State is negotiating an 85 billion euro bailout loan from the International Monetary Fund and Europe (IMF/EU). Skip related content

http://uk.news.yahoo.com/21/20101124/tuk-85bn-euro-bailout-talks-confirmed-e1cd776.html

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Mr Cowen said the figure has been discussed with the IMF/EU financial rescue mission during two days of talks in Dublin.

"The size of any programme has not been decided but an amount in the order of 85 billion has been discussed," the Taoiseach said.
The Government will shortly unveil its four-year Budget plan to secure 15 billion euro of savings.
In the Dail Mr Cowen described the bailout as an overdraft and said the talks were proceeding as quickly as possible.
"We're talking about here, an overdraft, if you like," Mr Cowen said.
"It's a contingency, it's available to us as required. And on the basi