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    Eurozone Fear Factor to Bailout Irish Black Hole

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    RT News Channel

    RT News Channel

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    Britain says it's ready to help debt-hit Ireland with billions of pounds of direct loans. At a meeting of European finance ministers, Chancellor George Osborne said it's in Britain's interest to support their closest neighbour.The meeting comes amid fresh market turmoil and fears some smaller economies like Portugal and Ireland are unable to service their massive debts. The E.U. President warned the Eurozone is actually facing a fight to survive. Ireland has so far rejected any help. RT talks to Fredrik Erixon, a director at the European Centre for International Political Economy.
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