Irish banks 'may need more capital'

From irishtimes.com

The European Commission said it cannot rule out the possibility that Irish banks may need more capital, it said in documents released by Germany's finance ministry. "Irish banks have been capitalised to a very high level relative to peers in other European countries and relative also to a conservative adverse scenario based on highly credible stress tests," the commission said in the documents obtained by Bloomberg News, which were supplied to German politicians. "Yet the risk of possible further capital needs in the future cannot be fully excluded, especially if the growth outlook deteriorates beyond what is ... (full story)