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Sat 09 Sep 2010Lenihan seeks quick EU ruling on Anglo rescue
MINISTER FOR Finance Brian Lenihan will meet EU competition commissioner Joaquin Almunia in Brussels early next week as the Government presses for a swift decision on the €25 billion rescue of Anglo Irish Bank.
The talks come as the commission’s review of the controversial plan to divide Anglo into “good” and “bad” banks nears its final phase, and amid concern in the EU executive about the rapid escalation in the cost of propping up the nationalised lender.
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