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Sat 04 Apr 2011Banking on Europe: the true story behind Ireland's bailout
Public denials amid behind-the-scenes scrambling to prevent Ireland’s financial collapse and a potential catastrophe for the euro zone – what exactly went on in the days leading up to last November’s loss of economic sovereignty?
ON THE afternoon of Friday, November 12th last, a report flashed across the news wires. Citing a European Central Bank (ECB) source, it said at a meeting the previous day, Ireland had been pressured to tap the rescue fund set up earlier in the year for weak euro zone countries.
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