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Tue 10 Oct 2008Irish banks fall again over issue of State take-up of shares
IRISH SHARES significantly lagged the gains recorded by stock markets around the globe as concerns grew that the Government would have to follow other European countries and buy stakes in banks to create further safeguards for the Irish financial system.
Global stocks soared in their biggest one-day advance in at least 20 years as the British government, followed by Germany and France, took bold steps by unveiling a series of bank bailouts and guarantees in a bid to restore confidence and reopen frozen credit markets.
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