The European Union and the Government have announced they have agreed that Ireland will be provided with €85 billion in financial support.
Chair of the Eurogroup Jean Claude Junker said that the €85bn being made available to Ireland includes €10bn for recapitalisation of the banks, €25bn for banking contingencies and €50bn for budgetary financing needs.
The Government said in a statement that the State's contribution to the facility will be €17.5 billion, which will come from the National Pension Reserve Fund and other domestic cash resources.
http://www.rte.ie/news/2010/1128/economy.html
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