Found this!!14 Jan 2009 20:31
Wednesday January 14, 10:38 AM
EU executive approves Anglo Irish recapitalisation
BRUSSELS, Jan 14 (Reuters) - The European Commission said on Wednesday it had approved an emergency 1.5 billion euro ($2 billion) recapitalisation by the Irish authorities of Anglo Irish Bank (Dublin: CKL1.IR - news) .
'Anglo Irish Bank has an important role within the Irish financial sector -- a loss of confidence in this institution could have led to a further disturbance of the current financial situation and harmful spill-over effects to the economy as a whole,' the European Union executive said in a statement.