Ireland Urged to Take Aid by Officials Amid Debt Crisis

“It seems difficult for Ireland to avoid tapping the fund unless they have new rabbits to pull out their hat,” said Julian Callow, chief European economist at Barclays Capital in London.

It is very likely Ireland will seek support from the 750- billion-euro ($1 trillion) fund, Reuters reported, citing euro- zone sources it didn’t name. The Finance Ministry in Dublin denied talks were under way. Amelia Torres, a spokeswoman for the EU’s Economic and Monetary Affairs Commissioner Olli Rehn, called the report “pure speculation.”

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