Global General

G7 ministers welcome Ireland's aid request

(Xinhua)
Updated: 2010-11-22 09:54

OTTAWA - Finance ministers of the Group of Seven (G7) industrialized nations Sunday welcomed Ireland's request for financial assistance from the European Union (EU) and the International Monetary Fund (IMF).

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In a statement released by the Ministry of Finance of Canada, the 2010 G7 chair, the ministers said they welcomed the announcement that the government of Ireland is applying for financial assistance from the EU and the IMF.

"We welcome and fully support the announcement that the European authorities and the IMF will provide the necessary financial resources for Ireland to implement its fiscal reform plans and stabilize its banking system," they said.