Euro periphery financial systems still ‘fragile’, reports show

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Progress has been made in shoring up the Irish and Portuguese financial systems, although institutions still face considerable challenges in repairing their finances, according to financial stability reports published by the Central Bank of Ireland and the Bank of Portugal.

The Central Bank of Ireland said the banking system remains in a "fragile" state. "Given limited new lending, the level of impaired loans, competition for deposits and constrained ability to re-price a significant portion of

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