The decision on recapitalisation is expected to be made by the Cabinet at its meeting tomorrow. The decision is unlikely to be announced until Wednesday or later.
Speaking this morning on RTÉ Radio's Morning Ireland, Enda Kenny said the pay and actions of top banking executives must be reviewed before the Government's finalises its €7bn recapitalisation plan for Bank of Ireland and AIB.
It is expected that the government will seek a substantial reduction in bank executives’ pay, more credit for businesses, and a stay on home repossessions, before it consents to the €7 billion recapitalisation of AIB and Bank of Ireland, Minister for Finance Brian Lenihan has said.
Mr Lenihan, speaking on RTÉs The Week in Politics programme, said the deal was not finalised and referred to senior executive pay in banks, which has been the subject of much public anger and criticism.