Hijjah 1431 H. / 21 November 2010, SPA -- European finance ministers responded positively this night to Ireland request for help under the European Financial Stability Facility (EFSF), a temporary budget safety net. During a conference on the phone, the ministers gave their approval in principle to enable Dublin to benefit from the international plan that stated resorting to a mechanism of loans to guaranteed by the Monetary Union countries and other loans from the International Monetary Fund and those sponsored by the Europran union budget. Such a mechanism could be replenishedby bilatral loans from Britain and Sweden, two non-Euro-zone countries, to the interest of Ireland which is planning to salvage its banking system which faced a finacial crisis.
