Ireland needs help, finance minister admits

(CNN) -- Irish Finance Minister Brian Lenihan will recommend that the country apply for international funding to stay afloat, he said Sunday, reversing days of Irish insistence that Dublin does not need help.

The aid package would involve "tens of billions" of euros, he told Irish state broadcaster RTE.

He made the comments shortly before the government meets to finalize a deficit-slashing budget.

Dublin had insisted for more than a week that it doesn't need money from abroad to stay afloat despite the crisis, but the European Union and International Monetary Fund began discussing a possible bailout days ago.

Fears that Ireland will be swamped by a crisis in its banking sector have put strain on the euro and markets, and other European countries have been pressing Dublin to apply for help.

The EU and IMF bailed Greece out to the tune of 110 billion euros (currently $150 billion) in May of this year. Lenihan seemed to be signalling that an Irish rescue package would be smaller.

A "correction" of 6 billion euros ($8.2 billion) will need to be made in the next budget, the government said Sunday as it announced the cabinet meeting.

The country is trying to cut its deficit to 3 percent of GDP by 2014, the government says.

The new budget will be announced "in the next days," the government said.

The Irish government has pumped billions of euros into Irish banks to keep them afloat, effectively nationalizing most of them. The European Central Bank is lending money to Irish banks because other banks won't.

Officials from the International Monetary Fund and European Central Bank were in Ireland on Thursday to examine the country's debt crisis -- a visit that could result in a substantial loan, the head of the Irish Central Bank said.

The bank's governor, Patrick Honohan, told state broadcaster RTE the negotiations with the IMF and European officials were not about a bailout, but would lead to a loan of tens of billions of euros to Ireland.

The money would go directly into Irish banks to shore up investor confidence, he added. The banks, many of which have been nationalized, are unable to loan to other banks.

One analyst said Ireland has no choice now but to accept outside money.

"In actual fact Ireland as a country, in financial markets, has no reputation now. We've got to rebuild it, and the reason you rebuild it -- or how you rebuild it -- is you rebuild your balance sheet," author and economist David McWilliams told CNN Thursday.

"The situation is, if there is no money, we can't pay. And there is no money. That's why the IMF are here. If we had money, they wouldn't be here."

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Blackburn 2 - 0 Aston Villa

Morten Gamst Pedersen scored twice as Blackburn defeated Aston Villa at Ewood Park in front of the club's new owners Venkateshwara and Balaji Rao.

Pedersen struck with a free-kick from a tight angle that Brad Friedel should have saved and later diverted a low strike from Ryan Nelsen into the net.

Paul Robinson made good stops from Stewart Downing and Ashley Young, who also headed against the crossbar.

Robert Pires made his debut for Villa as a second-half substitute.

But Rovers led 2-0 by that stage as Villa's five-match unbeaten run came to an end.

Sam Allardyce's Rovers had started the day in 16th but such is the congested nature of the table that their victory lifted them above their opponents and up to 11th.

Rovers rode their luck at times during what was in many ways a poor and forgettable game, but the home team undoubtedly made the most of their physical superiority, with both their goals coming from set pieces.

Villa often flattered to deceive - occasionally catching the eye with an attractive phase of play but without a cutting edge in the final third.

Having said that, the largely ineffective Stephen Ireland played a beautifully weighted ball in behind Gael Givet in the third minute to set Downing through on goal but the winger's low strike from a tight angle was saved by Robinson.

Ashley Young was later played in down the left and, after feinting one way then the other, created a yard of space before forcing an excellent one-handed stop with a fierce strike across goal.

Rovers wasted an early opportunity when Chris Samba skewed his strike horribly wide after the ball was rolled into his path from a free-kick. It set the tone for some terrible finishing from the home team as both Givet and David Hoilett contrived to shoot well wide from promising positions.

Givet had a particularly poor opening half and, in addition to being regularly caught out of position, he suffered the misfortune of being accidentally knocked to the floor by referee Michael Oliver and was substituted at the break.

Villa keeper Friedel seemed to spend a large chunk of the contest on the floor as one Blackburn player after another challenged him for aerial balls.

And the physical nature of the match might have been playing on Friedel's mind as he failed to save Pedersen's free-kick on the stroke of the interval.

It had been a sloppy and needless foul for Villa to concede as Stephen Warnock lunged in on El-Hadji Diouf, but Pedersen's strike was from an extremely wide angle and, even allowing for the swerve on the ball, Friedel should not have been beaten.

The goal was the last significant action of the half but Villa responded by upping the tempo after the restart and creating two quick-fire chances.

Ashley Young cut in from the left and forced a good save with a 20-yard strike that swerved through the air and, seconds later, headed a Downing cross against the woodwork.

Villa looked good value for an equaliser but Rovers continued to threaten and it took a precise last-ditch sliding tackle from Richard Dunne to take the sting out of a shot from Diouf.

And Villa were punished when they failed to clear a corner, with Pedersen showing good reactions to score his second.

Diouf should have scored a third with a far-post header but missed, while luckless Villa could only look on as a rebound fell to a Rovers player after Robinson palmed clear a shot from Downing.

Former Arsenal favourite Pires had little chance to impress after his 67th-minute introduction but another substitute, Chris Herd, forced a goal-line clearance from Michel Salgado.

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Impossible Skills

The Best Football Skills Are Here...
(Video)

Can You Try  Them!

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