McCreevy may seek cash from Irish central bank

The Central Bank of Ireland confirmed that its review of the adequacy of its reserves against guidelines set by the ECB will be completed over the next few months. The bank acknowledged in its 2002 annual report that any reserves that 'may be found to exceed the bank's requirements' could be released to the Exchequer.

Source: Irish Times

The Minister for Finance, Mr McCreevy, will learn in the autumn if he can ease budgetary pressures by tapping into Central Bank reserves worth €1.8 billion.

The

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: