`` I want to assure the Irish people that we have a better future before us , '' Cowen said in announcing the request , as well as pledging substantial budget cuts and tax hikes . NEW : British government offers Ireland $ 150 billion loan offer . Lenihan , Irish finance minister , says loan is in Britain 's interest . IMF , European Union ministers `` welcome '' Ireland 's request for financial assistance . Sweden may also offer separate loan to Britain .
NEW : British government offers Ireland $ 150 billion loan offer . Lenihan , Irish finance minister , says loan is in Britain 's interest . IMF , European Union ministers `` welcome '' Ireland 's request for financial assistance . Sweden may also offer separate loan to Britain .