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Europe confirms 85 billion Euros for Ireland; unveils Stability Mechanism

Monday, November 29th 2010 - 05:02 UTC
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European ministers reached Sunday an agreement over a bail-out for the Irish Republic worth about 85 billion Euros. The deal will see 35bn euros go towards propping up the Irish banking system with the remaining 50bn euros to help the government's day-to-day spending. Read full article

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