[Thanks to ec for the link.]
THE Irish government attempted to secure a multi-billion euro bailout for the country’s struggling banks from Colonel Moamar Ghadafi’s international investment fund in December but failed because Libya dismissed it as a low-level investment.
National Treasury Management Agency representatives went to the North African state in a bid to get cash to prop up the Bank of Ireland, Allied Irish Banks or Anglo Irish Bank - the latter two of which were nationalized due to disastrous property loans - by selling an equity stake in one or more of them, according to British newspaper “The Sunday Times”.
This story passed me by as I don’t read the Sunday papers.
Full story here.