Below is a taste of how the world's media is today reporting the €85bn bailout package that was unveiled last night
Ireland rescue given lukewarm welcome. Euro falls against the dollar but banks rally - Financial Times
Europe Sets Rules for Future Bailouts. Europe sealed a €67.5 billion bailout of Ireland and for the first time crafted a blueprint for rescues from 2013 on that could have private-sector creditors bearing some of the cost - Wall Street Journal
Euro steady after Irish Republic 85bn euro bail-out - BBC
Bracing for Bailouts. Which EU Problem Child Will Be Next? - Spiegel
Ireland must find €17.5bn from its pension fund and reserves for bailout. Contribution demanded at meeting of eurozone ministers as proposals to shore up euro also outlined - Guardian
The EU and the IMF approve an €85 billion bailout for Ireland - 40 per cent of which goes to save the losses in the banks. Private investors may take losses as a last resort under future rescue plans from 2013 - El País
Irish Banks to Seek More Capital - New York Times