Last week's stress tests should stabilize Ireland's banking system and "allow the economic...

|By:, SA News Editor

Last week's stress tests should stabilize Ireland's banking system and "allow the economic turnaround already underway to boost investor confidence," Morgan Stanley says in a note titled Ireland - Time to Buy. While Ireland still faces major challenges, "if there is one economy in the euro area that could meet these challenges, it is probably the Irish economy," firm says. AIB +9% premarket. IRE +7%.