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Irish banks not to be granted retroactive recapitalisation

10.12.13 @ 08:43

  1. By EUOBSERVER

It “doesn’t seem very likely” that Irish banks will get retroactive recapitalisation, Klaus Regling, head of the eurozone bailout Fund (ESM), told the Irish Times Monday. In a blow to Dublin's lobbying on the issue, Regling said such a move would be a very "complicated process” requiring member state unanimity.

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