EU RAISES FIVE BILLION EURO FOR IRELAND.

• Position: Brief article

The European Commission has successfully tapped the markets to finance the Irish bailout, attracting more than three times what it needed to raise a promised 5 billion, on 5 January. According to AFP, investors bid 19 billion for the five-year bond, which will pay them around 2.5% interest until it expires in December 2015. The Commission enjoys a triple A' credit rating, and has pledged up to 22.5 billion to help fund the cash-strapped Dublin government as part of a total 85 billion bailout, agreed on...