Irish bad bank plan raises sovereign risk

Article reports that Irish bank shares rallied strongly as investors reassessed their survival prospects following news that the European Commission had approved Dublin’s bank rescue plan on 26 February 2010.

ESO: Background Information: Commission approves Irish impaired asset relief scheme http://www.europeansources.info/record/press-release-state-aid-commission-approves-irish-impaired-asset-relief-scheme/

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