Irish banks need extra 24bn euros to survive

[Blue_Tires]

Source: BBC

The Republic of Ireland's banks need an extra 24bn euros (£21.2bn) to survive the financial crisis.

The figure follows a stress test on the Irish banking system by a group of independent experts and the country's central bank.

Four lenders were tested - Allied Irish Banks, Bank of Ireland, Educational Building Society (EBS) and the Irish Life & Permanent.

Allied Irish Banks needs most money, and will have to raise 13.5bn euros.

Dublin already owns most of Anglo Irish Bank, Allied Irish Banks and the EBS following previous rescues of the banks.



Read more: http://www.bbc.co.uk/news/uk-northern-ireland-12912358

[The Magistrate]

1. They Should Start, Sir, By Confiscating Every Dime Paid Their Chief Executives

Over the last decade....

[xchrom]

2. Them who broke it should be them who pays. Nt

[rpannier]

3. Damned straight

But the German Gov't and the wealthy elite in Germany wouldn't like that

[underpants]

4. Wasn't Ireland endlessly praised by US Conservatives as the model of business greatness?

I remember that Ireland was the bestestest thing that ever happened in the mind of the self proclaimed capitalists.


Uh-huh no wonder it went bust

[The Magistrate]

5. It Certainly Was, Sir

[underpants]

6. Thank you sir

:tipofthehat:

[midnight armadillo]

7. So what happens to the billions Ireland already gave them?

Ireland instituted severe austerity measures to prop up the big banks after they ruined themselves through recklessness. If Ireland can't fork over another $24B can they get a refund on the funds already put in?

[applegrove]

8. Ireland was the poster child of an 'ideal economy' for neocons back in the W.Bush era. How far the

mighty have fallen.