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Where did the financial aid come from during the Irish financial and banking crisis?

  • United Nations

  • World Bank

  • European Union and International Monetary Fund

  • World Trade Organization

Answer

During the Irish financial and banking crisis, the European Union and International Monetary Fund provided financial aid to Ireland. The European Union provided €67.5 billion in loans, while the International Monetary Fund provided €22.5 billion. The loans were used to support the Irish government and to recapitalize Irish banks. The financial aid helped to stabilize the Irish economy and to prevent a full-blown financial crisis.
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