Ireland offered €85 billion in IMF/EU package - RTÉ News: "The EU and the IMF will offer the Government an €85 billion facility which can be used to recapitalise the banks and fund the public finances.
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It emerged last night that the EU and the IMF will offer the Government an €85 billion facility which can be used to recapitalise the banks and fund the public finances.
The package would see the level of capital in the Irish banks being increased from 8% to 12% in a move to bolster confidence of depositors in the financial system."
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