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Eurostat figures won’t help BoI

24th April, 2010

The Eurostat tweaking of the numbers for Ireland’s deficit last year couldn’t have come at a more awkward time for Bank of Ireland.

The bank is in the middle of raising funds from private investors in an attempt to generate as much as possible of its required €2.4 billion in new capital from someone other than the state.

Changing the numbers for Ireland’s budget deficit in 2009 may have very little...

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