Ireland bailout: UK taxpayers could face £7bn bill | Business | guardian.co.uk

Ireland bailout: UK taxpayers could face £7bn bill Business guardian.co.uk: "emergency bailout of Ireland, which is looking increasingly likely today, could cost Britain billions of pounds.
Although Ireland continues to deny that it has asked for help, many analysts believe the country will have to tap a €60bn rescue fund set up by the EU in May this year.
Under the terms of a deal agreed by Alistair Darling in May, the UK is liable for 13.6% of this fund. This means taxpayers could contribute as much as €8bn (£6.8bn), depending how the rescue package was structured.
The UK government declined to say how much an Irish rescue package could cost British taxpayers."

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