Ireland faces radical bank reform

16th December 2010, Comments 0 comments

Ireland’s parliament, the Dil, approved the EU/IMF 85 billion bailout package with 81-75 votes 15 December, and was debating the future of the country’s banking system, which it passed late Wednesday with 78-71 votes. Under the new bill Ireland’s banking system will be essentially state-run, according to an article in NZZ, giving broad powers to ...

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