Based on the current exchange rate, 50 billion euros equals about $68 billion dollars.
That's a sobering thought: Because on its face it would seem to represent an accelerating demand for additional capital.
According to Joe Brennan's Bloomberg article linked above, Dukes said in a speech today: "A clean banking restructuring implies the acceptance of irrecoverable losses."
Anglo Irish—which has been nationalized by the Irish government—has already received 29.3 billion in funding.
Anglo Irish shares were de-listed from the Irish stock exchange in 2009—so you can't short the stock.
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