EU report highlights importance of bank stress tests for Ireland

UPDATE: The European Union warned about fragile market sentiment on Ireland but said that initial talks on Ireland’s bailout exit strategy have begun.

3rd April, 2013
An EU report on Ireland was circulated to German parliamentarians.

The European Union has said that initial talks on Ireland’s bailout exit strategy have begun.

Nevertheless, the EU report on Ireland said that market sentiment towards Ireland is still fragile and Irish 2013 economic growth prospects remain unchanged.

The report, which was obtained by Bloomberg News after it was supplied to German parliamentarians by that country’s finance ministry, said that it is “essential” that stress tests are carried out on the Irish banks before...

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