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Irish bailout 'around 85 billion euros': France

The international bailout for debt-ridden Ireland will likely be worth around 85 billion euros, France's budget minister and government spokesman Francois Baroin said today.

world Updated: Nov 24, 2010 17:39 IST

The international bailout for debt-ridden Ireland will likely be worth around 85 billion euros, France's budget minister and government spokesman Francois Baroin said Wednesday.

The bailout "has not yet been completely finalised but it will be around 85 billion euros (114 billion dollars)," Baroin told reporters after a cabinet meeting.

Beleaguered Irish Prime Minister Brian Cowen was Wednesday due to present a four-year austerity plan, a key step towards securing the bailout from the European Union and the International Monetary Fund.