Brussels muscles in with Irish scoop

Reuters unparalleled contacts in Brussels delivered a major scoop on Friday, Nov. 12, allowing us to tell the world that Ireland was discussing the possibility of an international bailout with the European Union. Reuters was the first news agency to confirm that the talks were taking place, and our story was widely quoted in Ireland and across Europe. We followed up the next day with further exclusive material from our sources, saying the bailout, if signed off, would be between 45 and 90 billion euros. See attached graphic for the stratospheric climb in Irish bond yields as speculation that it cannot cope alone reached fever pitch last week.