Photo: James Jordan on flickr
Ireland banks are in need of another €27.5 billion ($39 billion), and may need it as soon as two weeks next week, according to a Bloomberg survey.If the government were to supply that much cash to Ireland’s banking sector, that would mean that 80% of the country’s bailout funds have already been used.
It’s not definite yet, as stress tests next week will make clear exactly how much more support is needed.
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