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Where the Irish situation stands at this moment: According to multiple reports, including this one from Deutsche Welle, an Irish bailout worth about $112.5 billion (85 billion EUR) has been reached for all intents and purposes.Full details have yet to be announced, though one of the big numbers — the interest rate on the loan — has been reported at 6.7% since Friday evening.
EU/IMF officials are said to be eager to really get a deal done before the Monday open.
Of course, this doesn’t end the turmoil. Ireland has to pass a budget by December 7 to maintain any semblance of confidence.
Stay tuned today for plenty more.
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