€8bn bank bailout in Ireland
Monday, February 2, 2009
An insurance scheme to underwrite bad debts would also be created and the banks will attempt to raise €1 billion from shareholders. The two banks have been in need of recapitalization for several weeks. The government had previously offered €2 billion. The deal will see the government take on up to €24 billion of risk from speculative property loans by the banks.
- "Irish govt eyes $10 bln bank capital injection-source" — , February 2, 2009
- Gill Montia. "Allied Irish and Bank of Ireland in €8bn bail-out" — , February 2, 2009
- Laura Slattery. "Government to invest up to €8bn in B of I and AIB" — , February 2, 2009