Ireland to launch €81bn bad loan bank

Article reports that Ireland began to operate on the 30 March 2010 a new 'bad bank' to house €81bn in bad property loans left over from the financial crisis and set out new capital requirements that were expected to see the further nationalisation of its banking sector.

Irish Times, 31.3.10: Lenihan says Anglo may need another €10 billion http://www.irishtimes.com/newspaper/breaking/2010/0331/breaking12.html

BBC News, 30.3.10: Anglo Irish Bank to get 8.3bn euros in fresh bailout http://news.bbc.co.uk/1/hi/business/8594653.stm

ESO: Background information: Irish bad bank plan raises sovereign risk http://www.europeansources.info/record/irish-bad-bank-plan-raises-sovereign-risk/

Irish Times, 30.3.10: Banks will need up to €22bn for losses and new capital rules http://www.irishtimes.com/news/banks-will-need-up-to-22bn-for-losses-and-new-capital-rules-1.645392?mode=sample&auth-failed=1&pw-origin=http%3A%2F%2Fwww.irishtimes.com%2Fnews%2Fbanks-will-need-up-to-22bn-for-losses-and-new-capital-rules-1.645392

EurActiv, 31.3.10: Ireland unveils plan to rescue its banks http://www.euractiv.com/euro-finance/ireland-unveils-plan-rescue-bank-news-398435

Website: National Asset Management Agency (NAMA) http://www.nama.ie/

Website: Ireland: Department of Finance http://www.finance.gov.ie/

EurActiv, 1.4.10: EU opens 'in-depth probe' into Anglo Irish Bank http://www.euractiv.com/euro-finance/eu-opens-depth-probe-anglo-irish-news-399563

Ireland: Department of Finance: Press Release, 30.3.10: Banks statement by Minister of Finance http://www.finance.gov.ie/viewdoc.asp?DocID=6255&CatID=1&StartDate=1+January+2010&m=n

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