If quantitative easing becomes the responsibility of individual central banks then it will not be effective, according to the Minister for Finance Michael Noonan.

The Irish State could recoup more than €29bn injected into AIB, Bank of Ireland, and Permanent TSB during the financial crisis, according to the Minister for Finance Michael Noonan.

A spokesperson for the Taoiseach has confirmed that Enda Kenny will make his State of the Nation address this Sunday night, at 9.30pm.

Another director of NAMA has handed in his resignation to the Minister for Finance Michael Noonan.