March 23, 2011 / 8:17 PM / 9 years ago

Irish bailout decision unlikely before test results

PARIS, March 23 (Reuters) - No decision will be taken on revising the terms of an international loan package for Ireland until after stress tests on Irish banks are known, a French presidential source said on Wednesday.

The source noted that the results of tests on Ireland’s banking system would not be known until after a summit of EU leaders in Brussels on Thursday and Friday which will focus on the euro zone’s debt crisis.

“There are stress tests under way and the results will be known after the summit so what seems most likely is that there won’t be an indepth discussion on Ireland at the European summit and they will discuss it once all the necessary information is available,” the source said. (Reporting by Emmanuel Jarry and Catherine Bremer)

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