Irish, EU, IMF face marathon talks for loan deal

WTF??? How long does it take to open up the checkbook? Theatrics designed to unwind trades, i.e. book profits, and present the illusion that this is something other than a bailout.

DUBLIN – Irish, European and International Monetary Fund officials mounted tough negotiations Friday over terms of a massive credit line for Ireland's debt-crippled banks — with the fate of Ireland's prized low business taxes in the firing line.

Irish officials said talks were under way at several locations in Dublin involving different government departments and agencies and more than 40 officials from the European Central Bank and Washington-based IMF. Most arrived Friday.

Source: news.yahoo.com