Fresh stress tests conducted on Irish banks have revealed a €24 billion capital shortfall, with Dublin rapidly announcing a restructuring plan that will likely see the country's entire banking sector brought under government control.
Announcing the results of the tests on Thursday, Irish central bank chief Patrick Honohan said: "This proves to have been one of the costliest banking crises in history."
The stress tests gauged the ability of Irish banks to withstand further losses ...
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