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Noonan hopes bank debt agreement could ease budgets

The Finance Minister says it’s a good day for Ireland after the latest deal at the E-U summit – that will ease the pain of future budgets after the next one.

Leaders meeting in Brussels overnight agreed to finally allow bank debt be moved off sovereign balance sheets.

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Ireland had been hoping to get a deal on 30-40 billion euro of the 63-billion that has been pumped into banks.

 

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