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Europe Daily Bulletin No. 10226

1 October 2010
GENERAL NEWS / (eu) eu/ecofin council
Ministers send message of confidence to Ireland and Portugal which have announced further austerity measures

Brussels, 30/09/2010 (Agence Europe) - Meeting informally in Brussels on Thursday 30 September, euro area finance ministers gave their backing to the austerity measures announced the previous day by Portugal, which is experiencing difficulty in refinancing its public debt, and on that same day by Ireland, to come to the aid of its banking sector. Ministers say that there is no question of the European financial stabilisation mechanism being used to help these two member states.

Ireland....

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