Article I came across. The troika will be insisting on new stress tests for Irish banks in the autumn.
As the author points out, the factt Irish banks are not lending normally is the clearest sign they are not in good shape and will need more capital
So assuming the banks need a lot more capital? The govt. at this stage is unable to take on a lot more debt to bail them out. Could the Cypriot precedent be applied to Irish banks?
The simple truth is that Irish banks need more capital - Financial Services News | Business News | The Irish Times - Mon, May 13, 2013