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Funds boost for banks

IRELAND'S banks could be boosted by further capital via the European Stability Mechanism, IMF director Ajai Chopra said.

Mr Chopra said the ESM was workable and feasible and that it "should be implemented".

He was speaking in Dublin at an event hosted by UCD and NUI Maynooth and was answering a question about whether the ESM could be used to provide future funds to Irish banks.