CLEAN: Ireland asks for multi-billion euro bailout

The transcript discusses Ireland's request for financial assistance from the European Union, which has been agreed upon. A formal negotiation process will begin involving the EU, IMF, and ECB. The Irish banks will be downsized, and a program to reduce the budget deficit will be implemented. The government will increase taxes and reduce spending. The Irish people are encouraged to focus on economic recovery, with support from European partners. The shared sovereignty in currency matters is highlighted, and the conclusion includes media interaction.

What entities are involved in the negotiation process for Ireland's financial assistance?

• European Commission, International Monetary Fund, European Central Bank

• World Bank, United Nations, European Central Bank

• International Monetary Fund, World Bank, United Nations

• European Union, United Nations, World Bank

What is one of the key elements of the agreement regarding Irish banks?

• To merge all Irish banks into one

• To make Irish banks significantly smaller

• To increase the size of Irish banks

• To close down all Irish banks

What measures are included in the program to reduce Ireland's budget deficit?

• Maintain current tax levels and spending

• Eliminate all taxes

• Increase taxes and reduce spending

• Decrease taxes and increase spending

What is the focus of Ireland's efforts in the coming weeks?

• Implementing a four-year plan and budget

• Developing a new currency

• Expanding the banking sector

• Increasing foreign aid

What is emphasized as important for Ireland's economic recovery?

• Focusing on agricultural development

• Relying solely on international aid

• Solidarity within the country and support from Europe

• Isolation from European partners