* Ireland would be second euro country to get emergency aid
* EU finance ministers to meet in Brussels on Sunday
* Sarkozy talks with Germany, Italy, Spain, Portugal leaders
By Carmel Crimmins and Luke Baker
DUBLIN/BRUSSELS, Nov 28 (Reuters) - European ministers are expected to sign off on an 85 billion euro ($112.7 billion) rescue for Ireland on Sunday, making it the second euro member after Greece to require a bailout in the face of a crippling debt crisis.
Finance ministers from the 16-nation euro zone are due to meet in Brussels from 1 p.m. (1200 GMT) to discuss the emergency loan package Ireland needs to stem mounting losses at its banks and cope with a massive budget deficit.
Ministers from the broader 27-nation European Union will also gather to approve the aid, which will come from a 750 billion euro rescue facility the bloc set up back in May after Greece was pushed to the brink.
By committing funds for Ireland, Europe hopes to draw a line under a crisis that has severely dented confidence in the 12-year old currency bloc.
But investors could soon turn their attention to other high-deficit countries like Portugal or Spain in what is turning into a high-stakes showdown between markets and politicians.
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For an interactive timeline on the Eurozone debt crisis in 2010, click on link.reuters.com/nyx95q
For Take a Look, click [ID:nLDE68T0MG]
For multimedia coverage on the Euro Zone Crisis page on Top News: r.reuters.com/hus75h
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In a flurry of phone calls over the weekend, French President Nicolas Sarkozy spoke with the leaders of Germany, Italy, Spain and Portugal, underscoring the seriousness of a crisis that has been haunting the euro zone for the past year.
Nov 27, 2010�11:53pm EST
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Oh Reuters, your agenda is showing.
Your Rothschild ties become ever more apparent, especially in articles that place the public outcry of the Irish people out of the equation of your Banking Empire. Using words like ?crisis? and ?need? to describe this obvious attack on Irish independence.
In the end, the joke is on you.