Brussels, 20/07/2011 (Agence Europe) - The European Commission granted temporary approval on Wednesday 20 July to a recapitalisation worth up to €3.8 billion for Irish Life & Permanent Group Holdings (IL&P) by the Irish authorities. This measure is necessary to increase the bank's solvency ratios, thereby enabling it to resist potential stress situations and preserving stability on the Irish financial markets. A final decision will be taken after the Irish state presents a new...