Patrick Honohan
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Irish financial crisis: Banks need further 24bn euros

The Republic of Ireland's banks need an extra 24bn euros (£21.2bn) to survive the financial crisis.

The figure follows a stress test on the Irish banking system by a group of independent experts and the country's central bank.

Professor Patrick Honohan, governor of the central bank, said: "The new requirements are needed to restore market confidence, and ensure banks have enough capital to meet even the markets' darkest estimates."

  • 31 Mar 2011
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