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Wed 02 Feb 2010Government to take more equity stakes in banks, says Honohan
THE NEW governor of the Central Bank, Patrick Honohan, has said that the Government would take additional equity stakes in the Irish banks as part of the recapitalisation process.
Although he could not “put a number” on the future cost to the State of recapitalising the banking system, Mr Honohan said the overall net cost would be “manageable”.
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