Irish fin ministry says unaware of Hypo unit pledge

Sun Oct 5, 2008 1:08pm BST
 
Email | Print | | Single Page
[-] Text [+]

DUBLIN (Reuters) - Ireland's finance ministry is unaware of any commitment to Hypo Real Estate's Irish unit Depfa Bank, a ministry spokesman said on Sunday.

Earlier on Sunday a Hypo Real Estate spokesman said the Irish government was considering providing liquidity assistance to Depfa Bank.

"The department is unaware of any such commitment," the Irish finance ministry spokesman said in response.

A 35 billion euro (27 billion pound) German government-led rescue plan for Hypo Real Estate fell apart on Saturday as German banks and insurers withdrew their support for the bailout but talks were continuing on Sunday to revive the rescue.

(Reporting by Jonathan Saul; Editing by Erica Billingham)

 
Zhu Zhu pet
Can I have one for Christmas?

The hottest toy in the U.S. this Christmas is an interactive hamster. It does not come from one of the major toy brands or from a movie but a small, seven-year-old company from Missouri.  Full Coverage 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos