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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Africa Europe Latin America Middle East North America EU/IMF mission to Ireland to begin Thursday: minister AFP - Thursday, November 18 Send IM Story Print EU/IMF mission to Ireland to begin Thursday: minister DUBLIN (AFP) - – A European and International Monetary Fund mission to examine Ireland's finances and debt-ridden banking sector will begin here on Thursday, Finance Minister Brian Lenihan said Wednesday. "What we have agreed to do is to look at the structural problems in the Irish banks in the light of recent market pressures and assess what needs to be done because banking questions are technical and difficult," he told RTE radio. "An intensive engagement will now take place which will ensure that we can stabilise our banking sector. The discussions will begin on Thursday." Asked if there could be an outcome by the weekend, Lenihan said: "We haven't set deadlines on this but it is urgent and it will be focused." He said the European Central Bank stood fully behind Ireland's banking system and there were no funding difficulties. "What is important is that we look at the structural problems that are in the system and address them and that is what this mission is about." Asked when the government would make its mind up about whether a rescue package was needed, Lenihan said his mandate at Tuesday's eurozone finance ministers' meeting in Brussels was to confirm that Ireland would work with its European partners "to solve these difficulties". "We are determined to do that and we will look at what is the best way to provide any necessary support to address market risks in the banks. "Clearly despite an amount of work done to support the Irish banking sector the dislocation has persisted, market conditions have not normalised." Lenihan said that if action was needed on a European-wide basis it would be taken. "We have that full assurance," he said. On the possibility of separate assistance from Britain, Lenihan said: "If Britain wishes to participate, that is a matter for Britain in the event that a package is needed. "I know they see Ireland as one of their best customers and the United Kingdom is anxious to help in every possible way but I don't want to pre-empt their right to make their own decision in a matter of this type." Recommend Send IM Story Print Related Articles Army general claims Madagascar govt suspended AFP - 38 minutes ago Death tolls rises in Guinea poll violence AFP - 2 hours 34 minutes ago Israel approves Lebanon border village pullout AFP - 17 minutes ago Clinton urges Senate vote on START treaty AFP - 18 minutes ago Voting starts in Madagascar constitution poll AFP - Wednesday, November 17 News Search Top Stories GM stock offering to be largest in US history Bluefin tuna showdown pits industry vs. ecology Swiss pharmaceutical giant Roche to shed 4,800 jobs High-caffeine energy drinks linked to alcohol abuse FDA panel recommends first lupus drug in 50 years More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Prince William to marry Kate Middleton next year Pilgrims stone 'devil' as Muslims celebrate Eid High-caffeine energy drinks linked to alcohol abuse France warns of deadly diabetes drug Swiss pharmaceutical giant Roche to shed 4,800 jobs More Most Viewed » Alcohol more harmful than heroin, crack cocaine: study Toddler survives seven-floor fall in France EU fines 11 airlines 800 million euros for air cargo cartel Pilgrims stone 'devil' as Muslims celebrate Eid 'Naked' airport scanners may be 'dangerous' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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