Irish tapes show need for EU bank union

Despite receiving fulsome praise from a series of EU leaders for their six month stint holding the EU's rotating presidency, the Irish government finished the job on a sour note.

A series of taped conversations between executives at the now defunct Anglo-Irish bank gleefully discussing how they put the Irish government (not to mention the rest of Europe) on the hook for their losses cast a shadow over their last week in the limelight.

ESO: Background Information: Finance ministers strike deal to stem bank bailouts http://www.europeansources.info/record/finance-ministers-strike-deal-to-stem-bank-bailouts/

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