Irish Banks Said To Deal With Jump In Arrears

30 Aug 2011

Michael Noonan, Ireland’s finance minister, said the country’s recapitalized banks have sufficient funds to deal with a 10% jump in arrears. “

Michael Noonan, Ireland’s finance minister, said the country’s recapitalized banks have sufficient funds to deal with a 10% jump in arrears. “The capital is in the banks to allow the banks to write off some of that debt, so it's a manageable problem—but it is very onerous on ...

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