EU is neutral on whether Irish banks are nationalised

The European Commission would have no difficulty with Irish banks continuing to act as buyers of Irish government debt even if they were nationalised.

29th August, 2009

The European Commission would have no difficulty with Irish banks continuing to act as buyers of Irish government debt even if they were nationalised.

A commission official confirmed that, in its view nationalised banks could continue to subscribe for Irish bonds as long as they were not buying them on any kind of preferential terms.

It has been suggested that if the government nationalised the banks the state would lose them as potential subscribers for...

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