NPRF could not 'justify' bank recapitalisation

By 2009-05-18T16:05:00

NPRF could not 'justify' bank recapitalisation

[17:05 CEST 18-05] IRELAND – The National Pension Reserve Fund (NPRF) Commission has told the Ministry of Finance it could not "justify" investing €7bn to recapitalise two banks in relation to its investment remit, which resulted in legislation enabling the government to direct the Commission to make the investment.

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