Ireland to own "vast majority" of bank sector -fin min

DUBLIN, Nov 26 (BestGrowthStock) – The Irish state will end up
owning the “vast majority” of the country’s banking sector,
Finance Minister Brian Lenihan said on Sunday after Ireland
received an 85 billion euro ($113 billion) EU/IMF loan package.

The loan package includes 10 billion euros to be immediately
poured into banks to recapitalise them and a 25 billion euro
contingency fund if they require more money in the future.

(Dublin newsroom)
($1=.7551 Euro)

Ireland to own "vast majority" of bank sector -fin min