Government 'making up banking policy as it goes along'

20/02/2010 - 15:01:20

Opposition parties are today accusing the Government of 'making up banking policy as it goes along' after it emerged that the State is taking a 16% stake in Bank of Ireland next week.

It is in return for the €3.5bn capital injection the bank was given last year.

However, the Department of Finance has admitted that the €250m dividend the taxpayer was expected to receive cannot now be paid.

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