Taoiseach justifies €7bn bailout
The Taoiseach has defended the Government's decision to recapitalise Irish banks.
Bank of Ireland and Allied Irish Bank have reportedly agreed terms with the Finance Minister Brian Lenihan for the state recapitalisation of the two institutions.
The deal, worth €7bn, is designed to incentivise existing shareholders to invest in the banks.
Speaking to Marian Finucane, Brian Cowen said the details will be finalised in the coming days.
