Programme of assistance  International assistance mooted By September 2010 most informed international observers began to factor in a likely need for Ireland to enter a programme of official financial assistance.
The prospective rapid increase in ELA (due to the funding cliff at the end of the initial guarantee period) and the growing evidence that the Government’s multi-year fiscal plan would not stabilize the debt dynamics were the main influences here. The drip-feed of news about bank recapitalization needs did not help.