Any thoughts on this anyone22 Dec 2010 12:09
I do not like the sound of this at all.....!!!!!
AIB is also expected to reduce its activities to offset the “distortion of competition caused by the aid”.
It now remains to be seen how the Government will proceed with a recapitalisation of AIB. The President’s decision yesterday to sign off the Credit Institutions (Stabilisation) Bill, which gives the Minister for Finance sweeping emergency powers to intervene in the banking sector, opens the door for the Government to delist AIB from the stock market and fully nationalise the company.