National Recovery Plan: Banking Sector

banking sector: The government was forced to pump billions of euros into bailing out its banking sector - which had lent heavily during the property boom years, and also launched a National Recovery Plan for the economy, according to BBC and The country entered a recession in 2008, linked to the global economic downturn. Mr Kenny told the 's Andrew Marr Show that the country had got into a "catastrophic" economic situation, but that it had now turned the corner. ( As reported in the news.

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