WORLDPOST
01/27/2011 05:12 am ET | Updated May 25, 2011

Irish Official: Bailout Deal Coming Sunday

DUBLIN--Irish Communications Minister Eamon Ryan said Saturday that talks between the EU and the International Monetary Fund on an €85 billion ($112.5 billion) Irish aid package will conclude Sunday, and he described as "inaccurate" speculation that the interest rate on loans would be as high as 6.7%.

European Union finance ministers will meet Sunday in Brussels for talks on the bailout package, the U.K. treasury confirmed. U.K. Chancellor of the Exchequer George Osborne will travel to the event. It is understood the original push for the meeting came from France. It had previously been thought the finance ministers would speak by telephone on Sunday to discuss the package.

"There's got to be some clarity on our deal before Monday because what we've seen is a real uncertainty affecting markets, affecting this country, affecting other countries," he told state broadcaster RTE Radio. He is a member of the Green Party, the junior coalition partner.

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