Lenihan: We will resolve crisis 'long before others'
22/02/2010 - 10:29:56The Finance Minister says we will sort out our banking crisis "long before some other EU member states".
Shares in Bank of Ireland have fallen by around 6% this morning, following the Government's move to take an almost 16% state in Bank of Ireland.
The Bank of Ireland shares are being issued to the National Pensions Reserve Fund, in lieu of a cash payment - which cannot be paid while Europe considers its restructuring plan.
Finance Minister Brian Lenihan said Ireland has taken the lead in many of its plans, including the introduction of NAMA.
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