Irish banks shares at lowest ever

eeja

This morning all three major Irish banks appear on the very precipice .
Anglo Irish shares now just E0.92 valuing the bank at only E 700M
Liklihood a total collapse followed by Eire Gov / Lenihan bailout or nationalisation are getting stronger by the hour.

gozomark

on reuters yesterday

Pressure grows on Irish banks to recapitalise

..."The Irish government could provide a near-term positive catalyst by either endorsing the current capital strength of the Irish banks ... or simultaneously identifying a capital shortfall and proposing a capital raising," Royal Bank of Scotland analyst Cormac Leech said in a note to investors.
Moves by European governments, especially in the UK, to bail out their banks has also increased momentum towards the government taking equity stakes.
"That fear has haunted the Irish banks since then: that the capital that is needed for the Irish banking sector would have to come from the government," said Kevin McConnell, head of equities research at brokerage Bloxham.
Dresdner Kleinwort said it expected Ireland to announce recapitalisation plans shortly "The Irish probably need large public stakes," it said.