Ireland injects €5.5bn into country’s biggest banks

Article reports that the Irish government announced 21 December 2008 an investment totalling €5.5bn in the country’s three main banks, which will see it take an effective 75 per cent controlling stake in Anglo Irish Bank.

BBC News, 16.1.09: Irish bank set to be nationalised http://news.bbc.co.uk/2/hi/business/7832203.stm

Irish Times, 17.1.09: No end in sight as State will be on the hook to an enormous extent http://www.irishtimes.com/newspaper/ireland/2009/0117/1232059656524.html

Ireland: Ministry of Finance: Press Release, 15.1.09: Minister's Statement: Anglo Irish Bank http://www.finance.gov.ie/viewdoc.asp?DocID=5627&CatID=1&StartDate=1+January+2009&m=n

BBC News, 22.12.08: Irish move to recapitalise banks http://news.bbc.co.uk/2/hi/uk_news/northern_ireland/7795023.stm

Irish Times, 22.12.08: Irish bank shares rise following recapitalisation plan http://www.irishtimes.com/newspaper/breaking/2008/1222/breaking11.htm

Ireland: Ministry of Finance: Press Reease, 21.12.08: Government Announcement on Recapitalisation http://www.finance.gov.ie/viewdoc.asp?DocID=5609

Irish Times, 20.1.09: State to proceed with plan to recapitalise AIB and BoI http://www.irishtimes.com/news/state-to-proceed-with-plan-to-recapitalise-aib-and-boi-1.1235317?mode=sample&auth-failed=1&pw-origin=http%3A%2F%2Fwww.irishtimes.com%2Fnews%2Fstate-to-proceed-with-plan-to-recapitalise-aib-and-boi-1.1235317

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