Ireland and Portugal Could Get Bailout From EU

Tuesday, November 16, 2010

After Greece's financial bailout by the European Union earlier this year, Ireland and Portugal could be next. Why? In part, because the European Union's economically stronger countries are sometimes obliged to take care of the economically weak, so a feared economic downturn doesn't spread. But when countries like Ireland and Portugal ask for help, there's an immediate problem: Their own interests don't necessarily align with the interests of the countries bailing them out.  

Louise Story, Wall Street and finance reporter for The New York Times, has the latest in this potential economic rescue.


Louise Story

Produced by:

David J Fazekas

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