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Wed 10 Oct 2008Decision taken as bank shares plunged to 25-year low
MEETINGS:CRISIS MEETINGS between senior officials throughout Monday, against a backdrop of plunging share prices in Irish banks, led to the late-night Government decision to provide an unprecedented State guarantee for Irish banks.
Monday morning started with news that Dutch financial giant Fortis, UK mortgage lender Bradford Bingley and German commercial property bank Hypo Real Estate had all been rescued with state bailouts.
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