Honohan says Ireland’s fiscal stance “exactly right”; Looses at 12 banks by 2012 will amount to 85bn - - 55% of this year’s GDP
Nov 10th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Central Bank governor Prof. Patrick Honohan supports Ireland's "overall" approach to stabilising the deficit and banking system saying, saying it is "exactly right". In a speech in Dublin today he also said losses to 2012 of 12 banks operating in Ireland will amount to €85bn, or about 55% of this year’s GDP.