Ireland's hopes of recouping bank costs dashed
on 27/09/2013 14:57:34
Klaus Regling has told the Wall Street Journal he doesn't expect the ESM fund to cover the costs of saving Ireland's banks.
Ireland's spent around €30bn bailing out the surviving banks - money it spent before the bailout fund existed.
The ESM is being used to bail out European banks in future, and Ireland has been hoping to get money back retrospectively.