UK to contribute 7 bln pounds to Ireland rescue-BBC

LONDON, Nov 21 (BestGrowthStock) – Britain will provide about 7
billion pounds ($11 billion) in aid to Ireland, the BBC reported
on Sunday, after Dublin’s request for a rescue package from
international lenders was accepted by European institutions.

The sum includes British bilateral contributions to Ireland,
which is struggling to shore up its banking system, and
contributions to a rescue package coordination by the European
Central Bank, International Monetary Fund and the European
Commission.

The BBC reported that the government wanted to help a
“friend in need”.
(Reporting by Mohammed Abbas; Editing by Janet Lawrence)

UK to contribute 7 bln pounds to Ireland rescue-BBC