Recapitalisation - This is for the country, not the banks

THE country’s two main banks, if all goes to plan, will be recapitalised in the coming days.

Yesterday America moved to marshal an all but unimaginable $2 trillion to lubricate credit markets, protect jobs and revive their economy.

Our Government is expected to invest a relatively modest €7 billion in the Bank of Ireland and AIB with similar objectives in mind.