Ireland hasn't sought aid from the EU, Rehn says

11/9/2010 | Bloomberg

Although investors have been selling Ireland's sovereign debt, the country has not asked for aid, said Olli Rehn, economic and monetary affairs commissioner for the EU. "I can only say that Ireland has not requested the activation of any European financial backstops," Rehn said. Investor confidence that Ireland can avoid a helping hand from the EU is low because the country's finances have taken a hit from rescuing Anglo Irish Bank.

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