Ireland says not giving assistance to Depfa Bank

Sun Oct 5, 2008 1:15pm EDT
 
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DUBLIN, Oct 5 (Reuters) - The Irish government is not providing assistance to Hypo Real Estate's (HRXG.DE) Irish unit Depfa Bank, an Irish finance ministry spokesman said on Sunday.

Earlier on Sunday, a Hypo Real Estate spokesman had said Dublin was considering providing liquidity assistance to Depfa Bank.

"The Irish government is not providing assistance to Depfa Bank," the finance ministry spokesman said.

A 35 billion euro ($48.50 billion) German government-led rescue plan for Hypo Real Estate fell apart on Saturday as German banks and insurers withdrew their support for the bailout but talks were continuing on Sunday to revive the rescue. (Reporting by Jonathan Saul, editing by Maureen Bavdek)

 
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