Ireland seeks EU help over bank bail-out

European authorities should share the cost of Ireland’s €63bn ($84bn) bank bail-out because 'reckless lending' by international banks to Irish banks contributed to their collapse, the Irish government said on the 23 November 2011.

Michael Noonan, Ireland’s finance minister, gave warning that the huge cost of bailing out Irish banks with taxpayers money was driving up national debt and posing a risk to the country’s economic recovery.

ESO: Background information: Irish financial regulation to be strengthened http://www.europeansources.info/record/irish-financial-regulation-to-be-strengthened/

Website: National Asset Management Agency (NAMA) http://www.nama.ie/

---