Irish Bank Shares Fall; Government May Raise Stake in Bank of Ireland

Irish bank shares continued to slide Wednesday on mounting expectations that the Irish government is likely to take a majority stake in the Bank of Ireland as part of a rescue package worth close to €85 billion from the European Union and the International Monetary Fund.

What’s Up in Ireland?

Ireland is at the epicenter of a recent jump in concern about Europe’s weaker economies. So what’s going on?