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Europe Daily Bulletin No. 10349

1 April 2011
GENERAL NEWS / (eu) eu/ireland
Irish bank crisis costs country €70 billion

Brussels, 31/03/2011 (Agence Europe) - Four Irish banks need a total of €24 billion in extra funding, announced the Irish central bank on Thursday 31 March. The total cost of the bank crisis in Ireland is €70 billion thus far and the banks have already been bailed out to the tune of €46 billion. The new capital requirements break down as follows: €13.3bn for Allied Irish Bank, €5.2bn for Bank of Ireland, €4bn for Irish Life & Perm and €1.5bn for building society EBS. The...

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