Statement of G7 Finance Ministers

November 21, 2010

We welcome the announcement that the Government of Ireland is applying for financial assistance from the European Union and the International Monetary Fund.

We welcome and fully support the announcement that the European authorities and the IMF will provide the necessary financial resources for Ireland to implement its fiscal reform plans and stabilize its banking system.

The coordinated action of European countries and the IMF reflects our shared resolve to act swiftly and decisively to mitigate emerging risks, maintain market stability, and safeguard the global recovery.

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Source: Department of Finance Canada