Ireland ‘closer to full recovery’ from bank crisis than Euro counterparts

IRELAND is nearer a full recovery from the crisis in its banking sector than some of its European counterparts, a Dáil committee heard yesterday.

Bo Lundgren – the director general of Sweden’s National Debt Office – was answering questions on what lessons could be learned here from how the Swedish government handled its major banking sector collapse in the 1990s.

Asked how long Ireland might need to get back to a solid banking system, he said it was difficult to judge and the timeframe would differ from country to country.