The Irish government’s move to take on bad loans of domestic banks is being questioned as the nation’s credit rating suffers and its borrowing costs increase, Landon Thomas Jr. reports in The New York Times. Anglo Irish Bank reported a loss of 8.2 billion euros (USD10.4 billion) in 2010. The bank said the government has provided it with an additional 8 billion euros in aid.
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About the author
Ma. Rizza Leonzon
As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.
