Senior bank official gives thumbs-up to Govt's bank measures

A senior official at the European Investment Bank has said the measures unveiled by the Government are very "thorough" and will go a long way to restoring international confidence in the Irish banking system.

Vice-President of the EIB, responsible for Ireland, Plutarchos Sakellaris said it was important that the Government carried out stress tests on the banks and that it introduced a plan to overhaul the banking system.