Loading
1-Oct-2010 12:42 PM

Bank bailouts send Irish deficit soaring

Ireland's Government announced that financial institutions AIB, Anglo Irish Bank and Irish Nationwide will require more funding from the state, a move which will see Ireland’s deficit increase 32% of GDP this year (RTE Business, 30-Sep-2010). The Government added that it has accelerated transferring loans to the National Asset Management Agency in order to get final figures on the costs of repairing the country’s banking system.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More