Executive board member of the European Central Bank, Jörg Asmussen, said  private investment would be the first port of call if a bank needs more capital. Photograph: Reuters

National governments may be forced to contribute to future bank recapitalisations if next year’s European bank stress tests reveal shortfalls in the (...)

Minister for Finance Michael Noonan with Eurogroup president Jeroen Dijsselbloem (left) and EU commissioner Olli Rehn in Brussels yesterday. Photograph: AP

Minister for Finance Michael Noonan has given the strongest signal yet that Ireland may avail of the European Central B(...)