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Fri 10 Oct 2010Cowen willing to support permanent rescue fund
IRELAND'S POSITION:TAOISEACH BRIAN Cowen said he was willing to discuss changes to the European treaties to create a permanent rescue mechanism for euro-zone countries but stressed that he opposes a German push to deprive countries which break EU budget rules of their voting rights.
As he arrived in Brussels for last night’s European summit, the Taoiseach left open the question as to whether a permanent rescue mechanism should include provisions for “orderly” national insolvencies.
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