Stress tests call for billions recapitalisation Irish banks

Sceala Philosopher

Kerrin. I read your post about Patrick Honohan, why do we not hear a thing about his past and views on RTE.
The stress tests call for more Billions from the Irish tax payers to subsidize Irish banks.
Patrick Honohan role in the Irish banks
Makes a very disturbing read, this man we were told by Lenihan and various political goons on RTE, was above question.
If any of these banks try putting genuine Irish people, who are struggling with finances because of the corrupt politics, out of their homes, the riots will finally start in Ireland.
The Central Bank says that €24 billion will need to be put into the banks to help them cope with potential losses.
AIB will require a total of €13.3 billion, Bank of Ireland €5.2 billion, EBS €1.5 billion and Irish Life and Permanent will require €4 billion.
The Governor of the Central Bank, Patrick Honohan, said this evening the recapitalisation aims to create a sustainable Irish banking system. He said smaller but more soundly constituted Irish banks should be in a better position to provide loan and other financial services.
The stress tests were a key part of the EU-IMF bail out programme. The results are been keenly awaited, not only here, but also in Brussels and Frankfurt.

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Stress tests call for billions recapitalisation Irish banks