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Mon 12 Dec 2008Questions remain as endgame begins
RECAPITALISATION OF THE BANKS - BACKGROUND:THE GOVERNMENT commitment to participate in a €10 billion fund to recapitalise the Irish banking system heralds the beginning of the endgame in a process that will still be fraught with difficulty.
With shares in Anglo Irish Bank facing renewed pressure this week, the commitment may also provide some breathing space to that beleaguered institution.
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