A Labour MEP is to write to the EU Competition Commissioner to find out why the Commission gave Allied Irish Bank the all clear in July only for the bank to require billions earlier this month.
Alan Kelly has said Europe's failure to anticipate the development is very worrying.
Mr Kelly said: "The fact that AIB passed the stress test raises many questions."
Read more: http://www.breakingnews.ie/ireland/...-over-aib-all-clear-478030.html#ixzz12e9Fdgq0
Ouch. Ouch.
Alan Kelly has said Europe's failure to anticipate the development is very worrying.
Mr Kelly said: "The fact that AIB passed the stress test raises many questions."
Read more: http://www.breakingnews.ie/ireland/...-over-aib-all-clear-478030.html#ixzz12e9Fdgq0
Ouch. Ouch.