Ireland to invest €3.5bn in top lenders

Article reports that the Irish government is investing €3.5bn in both Allied Irish Banks and Bank of Ireland, February 2009, to help them ride out the collapsing Irish property market, which is set to result in large-scale loan losses as developers go bust.

BBC News, 12.2.09: Rescue plan for Ireland's banks http://news.bbc.co.uk/1/hi/business/7884925.stm

Irish Times, 12.2.09: Dáil to debate recapitalisation plan http://www.irishtimes.com/newspaper/breaking/2009/0212/breaking5.htm

Irish Times, 12.2.09: Major disparities emerge on €7bn deposit with Anglo Irish http://www.irishtimes.com/news/major-disparities-emerge-on-7bn-deposit-with-anglo-irish-1.697818?mode=sample&auth-failed=1&pw-origin=http%3A%2F%2Fwww.irishtimes.com%2Fnews%2Fmajor-disparities-emerge-on-7bn-deposit-with-anglo-irish-1.697818

Ireland: Ministry of Finance: Press Release, 11.2.09: Recapitalisation of Allied Irish Bank and Bank of Ireland http://www.finance.gov.ie/viewdoc.asp?DocID=5669

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