Reports say the EU and IMF will offer the Irish government €85B which can be used to...

|By:, SA News Editor

Reports say the EU and IMF will offer the Irish government €85B which can be used to recapitalize the banks and fund the public finances, and the government will take a majority stake in the Bank of Ireland (IRE) in a move that would leave the country without a significant lender independent of state control. IRE +13.5% AH.