Ireland 'in preliminary talks with EU on bail-out'
The Republic of Ireland's government has not formally denied it is in talks with the EU The Republic of Ireland is in preliminary talks with EU officials for financial support, the BBC has learned. It is now no longer a matter of whether but when the Irish government formally approaches the European Financial Stability Fund (EFSF) for a bail-out, correspondents say. The provisional estimate for EF
Spanish public sector on strike against austerity plan
Spanish public sector workers have held a day-long strike in protest against an average 5% cut in pay that comes into effect this month. The cuts are part of a government austerity package aimed at reducing the country's budget deficit, swollen by almost two years of recession. Earlier, several thousand protesters gathered at Madrid's finance ministry blowing horns and chanting slogans. Heavy rain
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EU to target private lenders in future bail-outs
