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Declaration of the Eurogroup and ECOFIN on the Ireland Ministers

"Welcome to Ministers at the request of the Irish Government for financial support from the European Union and members of area instrument Ministers agree with the Commission and the ECB that provide assistance to the Ireland is justified to preserve financial stability in the European Union and the euro area"

Joint EU - IMF, the Irish Government financial aid package should be funded through the mechanism of financial stabilization European (ESSM) and European financial stability (EEHC), possibly complemented by bilateral loans negotiated by States membres.Le United Kingdom and the Sweden installation already said today that they are ready to consider a bilateral loan for a program.

Financial support of the EU and the euro area is provided by a large policy agenda which will be negotiated with the Irish authorities by the Commission and the IMF, in conjunction with the ECB.

The program will focus on the budgetary challenges of the Irish economy decisively.It will rely on the fiscal adjustment and structural reforms that will be relied on by the authorities of Ireland in their four year week budgetary strategy prochaine.Cette strategy will provide the details of the commitment of the Government to reach 6 billion euros in 2011 as part of a strategy fiscal consolidation leading to a 3% deficit to GDP in 2014, involving a total of 15 billion (EUR) in the four years that contains a view of the strong fundamentals of the Irish economy annuel.Compte review strategy consolidation, decisive implementation of programme should allow a return to sound and sustainable growth, preserve the economic and social cohesion.

The program will also include a Fund for the purposes of potential future capital bancaire.En relying on measures already taken by the Ireland to address stress in the banking sector, a range full of action, including the APR and the restructuring of the banking sector will contribute to make the banking system performs its role in the functioning of the economy.

After approval by the Irish Government, the program will be approved by the ECOFIN Council and the Eurogroup, in accordance with national procedures, on the basis of an evaluation Commission and ECB.?

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