Not Enough Money in The Bank

Banks in Europe have been told they need to raise 2 Billion euro to boost their capital reserves. This comes after a recommendation from the European Banking Authority in an effort to try and stop another financial that crippled the worlds economies in 2008. this is a good idea however with banks still struggling in the markets they may find it hard to raise the capital themselves, therefore government support will more than likely be needed, this could be a huge problem for an Ireland that is already struggling to pay back the money we had to borrow during the financial crisis, on the face of this announcement it is a good move but in reality implementing these recommendations could prove difficult.