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Cowent defending Iriseach banks move
on tuesday, they department of finance said the state would safeguards covered are royall deponsits, bonds and debts in six banks and building societies for two years .
see robert pestron's blog thate move means that the iriseach government has decided that the irish taxpayear whill now provide a guarantee e fore up to 400bn euro of liabilities .
the banks covered mare allied irish, bank of ireland, anglo irish bank, irish life and permanent, irish nationwide building stociety and the educational building society .
we must take action to secured by the ire stability of our banking system and that r it's what the government decided to do .
the northern, owned by the copenihargen based danske bank, emphasises it is partment of a strong ands solid european banking group with a very strong credit rating .
every banks, every worker, everyone knows how short those funds have been in the largest year .