- Recapitalization burden is often over-stated as a contributor to the required fiscal adjustment
- Investors not yet fully convinced action on banks effective ans sufficient
- No “hard indication” yet that stress levels in Irish residential mortgage books will be exceeded
- Selling blocks of residential mortgages to international funds one way of meeting Basel 3 funding ratio requirements
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Irish CB Gov Honohan: Favourable impact on investor confidence after bank recapitalisation not yet as strong as as had been hoped for
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