Seismic shift for Irish banks

While there are some positives to the bailout, it will have serious implications for Ireland’s banking system for years to come

20th November, 2010
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The EU/IMF bailout loan, due to be announced this week, will change the face of banking in Ireland for decades to come.

On one level, it may merely seem to be a continuation of funding for Irish banks from the European Central Bank (ECB) which has been going on for the best part of two years. But the ramifications will be seismic.

As Taoiseach Brian Cowen continued to emphasise early last week that the...

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