DUBLIN (AP) — The Irish government says it wants the European Union to grant it a new precautionary line of credit worth a potential 10 billion euros ($13 billion) to ease its planned exit this year from an international bailout.
Finance Minister Michael Noonan says Ireland wants the credit line only as a safeguard "to give confidence to our lenders." He says the figure equates roughly to Ireland's forecast 2014 budget deficit.
Ireland plans to impose its sixth straight austerity budget in October and resume full-fledged borrowing from bond markets by year's end. It has spent the past three years dependent on 67.5 billion euros in loans provided by EU partners and the International Monetary Fund.
Noonan made Friday's reported comments to the Irish Independent newspaper.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Republican Governor Scott Walker addressed a controversial campaign letter Thursday while in Green Bay for a groundbreaking.
A local landmark, for good or bad, in Grand Chute could soon be coming down.
We're spreading a little holiday cheer to area military families this year.
An Allouez man who has not been seen in a week could be at risk without his medication, Brown County sheriff’s officials say.
The DNR says six private wells in the Manitowoc County town of Newton are showing signs of contamination.
Time continues to tick away as to whether or not Walmart can continue to have exclusive rights to a piece of property in Green Bay's Broadway District.