Ireland's bank deleveraging plans at risk says Commission

UPDATE: The European Commission said the plans of the Irish banks to slim down their assets may be at risk amid “challenging market conditions.”

30th May, 2012
The European Commission in Brussels.

The European Commission said the plans of the Irish banks to slim down their assets may be at risk amid “challenging market conditions.”

“The deleveraging of domestic banks exceeded the programme’s targets for 2011 as a whole,” the European Commission said in a report today. “Looking ahead, challenging market conditions and the deteriorating quality of remaining assets for disposal may put the achievement of future deleveraging objectives at risk.”...

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