Tuesday, November 16, 2010

Ireland's Cowen to Weigh EU Steps to Shore Up Banking System

Ireland signaled a willingness to weigh European Union measures to aid its banks, potentially abandoning a go-it-alone defense to prevent a resurgent debt crisis from destabilizing the euro.
With European Central Bank officials urging Ireland to set aside national pride and tap the 750 billion-euro ($1 trillion) fund created in May, Prime Minister Brian Cowen put aid for banks on the agenda of a meeting of euro finance ministers today.

360investgroup

original source of information - Irish Times & Bloomberg