Bailing out the financial sector will continue to cost the exchequer in 2012. Pre-budget documents show that in addition to €250 million to be made available to the credit union sector this year, a similar amount is to be set aside next year as part of a programme of rationalisation and recapitalision in the sector.
This programme is part of the commitments made in the EU/IMF programme and is likely to lead to pressure on credit...
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