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. (news.financializer.com). As reported in the news.