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Ireland passes bailout package despite opposition
Carmel Crimmins
Reuters
December 15, 2010
Ireland’s parliament approved a multi-billion euro EU/IMF bailout package on Wednesday in the face of opposition threats to renegotiate the deal to force losses on some senior bondholders in Irish banks.
Finance Minister Brian Lenihan pushed through the 85 billion euros (£72.5 billion) package with the support of independent MPs and told the centre-right Fine Gael party that its proposals to lean on senior bondholders would fail because of opposition from the European Central Bank.
Carmel Crimmins
Reuters
December 15, 2010
Ireland’s parliament approved a multi-billion euro EU/IMF bailout package on Wednesday in the face of opposition threats to renegotiate the deal to force losses on some senior bondholders in Irish banks.
Finance Minister Brian Lenihan pushed through the 85 billion euros (£72.5 billion) package with the support of independent MPs and told the centre-right Fine Gael party that its proposals to lean on senior bondholders would fail because of opposition from the European Central Bank.
