the European Central Bank will be announced on March 31 against Ireland Bank stress test results. Analysts expected, Ireland Bank financing gap will reach between 18 billion and EUR 23 billion, this figure was higher than the European Union, the International Monetary Fund (IMF) and the European Central Bank in November last year to EUR 10 billion funding gap expected. It is learnt that, Ireland is seeking around 60 billion euros from the European Central Bank of the new Government aid loans.
upcoming Bank stress test results released this week are designed to measure Ireland's largest banks ability to manage bad loans and losses, to be free from forced to sell assets. Ireland awaits test results released by the Government and the European Central Bank after reaching an agreement. Bloomberg News survey of 10 analysts and economists have done shows that Ireland may also require the Government to Ireland four--Ireland Bank, Ireland joint Bank, Ireland life Bank, Ireland educational building society (EBS) injection of EUR 27.5 billion.
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United States economic spring hope non-agricultural employment data provides confirmed signal dollars revive treasures borrowing rose Han consumer confidence index collapse dollars low rebound difficult breaking weak pattern eurozone "Economic Union" non-day of Gong Ireland crisis or forced European Central Bank then out help March non-agricultural data or Director dollars "play" [RMB premium][market Center]2010 years November EU and IMF and Ireland reached a loan agreement for assistance, of which 35 billion euro to support Ireland Government aid banks in the country, 10 billion euros injected directly into the Bank, 25 billion euro as a reserve fund. According to data analysis, Ireland banks needed funds between the total amount of about EUR 25 billion to 35 billion, this consumption to at least EUR 35 billion assistance loan of more than 70%. In the past two years, Ireland Government equity injection into the banks in the country of up to € 46.3 billion.
Ireland the hope that the Government resolve Bank funding gap through assistance of the European Central Bank. Ireland Government hoped that the European Central Bank to provide medium-term assistance loan of about 60 billion euros. But the European Central Bank requirements, Ireland should first implement their commitment to strengthen the Bank's capital structure.
in addition, Ireland Agriculture Minister kaowenni 27th revealed that the country's Finance Minister after Nolan will be announced in the Bank stress test results, apply to the EU priority to bank debt holders of allocation of loss, this measure is part of the final solution of the financial crisis in the country. Ireland Central Bank according to latest data from Ireland domestic banks a total of 16.4 billion euro out of Government guarantees priority unsecured debt.
