Irish PM says focus of IMF/EU talks will be "assistance"

DUBLIN (BestGrowthStock) – Irish officials and a joint European/IMF mission will look this week at what assistance can be provided to deal with Ireland’s current financial crisis, the country’s prime minister said on Wednesday.

However, to criticism from the opposition benches, Prime Minister Brian Cowen again denied the government was in negotiations for a bailout.

“What we want to concentrate on now is in a focused way, over coming days, to sit down and see in what way can assistance be provided to ensure that these issues can be dealt with properly and appropriately in present circumstances,” Cowen told parliament.

“There has been no question of the government … in a negotiation for a bailout,” he said, adding that the term bailout was “pejorative.”

“The government is not going to formally be involved in applying or in engaging in a facility or making a decision of that type without that preparatory work being considered,” he added.

(Reporting by Carmel Crimmins; Editing by Ruth Pitchford)

Irish PM says focus of IMF/EU talks will be "assistance"