European Commission approves aid for Irish banks

Emergency state aid for three Irish banks was approved by the European Commission today.

Tue, 21 Dec, 2010 - 13:10

Emergency state aid for three Irish banks was approved by the European Commission today.

Brussels authorised recapitalisations of €4.96bn for Anglo Irish, €2.7bn for Irish Nationwide Building Society and up to €9.8bn for Allied Irish Bank.

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Courts EU/IMF bailout Place: Brussels Place: Ireland Person: EU Competition Commissioner Person: Joaquin Almunia Organisation: European Commission Organisation: Irish Nationwide Building Society Organisation: Allied Irish bank Organisation: Allied Irish Organisation: INBS Organisation: Commission Organisation: EU Organisation: Ireland Organisation: IMF Organisation: Anglo Irish Bank

<p>While the Fianna Fail/Independent pact voted for the amended 7.5% rates budget they were outnumbered by the ranks of Independent Ireland, Fine Gael, Social Democrats, Labour and Sinn Féin. File picture </p>

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European Commission approves aid for Irish banks

Cork County Council faces dissolution if it does not approve budget within two weeks

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European Commission approves aid for Irish banks

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Cork County Council faces dissolution if it does not approve budget within two weeks

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