Wednesday, April 20, 2011

IRELAND - Twenty-four billion more to banks

"The government has accepted the re-capitalization of 24 billion euros of the major Irish banks," reports the newspaper of reference of the island to its front. "It will be the fifth plan to rescue banks since 2008, the newspaper said, bringing to 70 billion euros the total aid from the state." The bailout announcement was made by the Central Bank of Ireland March 31, following resistance testing performed on four major Irish banks.

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