Irish Republic 85bn-euro bail-out agreed

European finance ministers in Brussels have announced an 85bn-Euro bail-out deal for the Irish Republic.

About 35bn euros from the EU and IMF package is expected to be used to prop up the Irish banking system, with the remaining 50bn euros to help the government fund day-to-day spending.

Eurozone finance ministers' chairman Jean-Claude Juncker said ministers had unanimously endorsed the measures.

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