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Ireland Said Likely to Miss October Target to Ease Bank Debt
Ireland’s government will probably fail in its bid to secure an accord to reduce its legacy banking debt by the end of October, two people with direct knowledge of the talks said. European Economic and Monetary Affairs Commissioner Olli Rehn said in July that concrete proposals on the Irish question would be presented to euro-area finance ministers in September before a final decision in October. The details are unlikely to be on the agenda when ministers meet in Cyprus next week, said one of the people, who asked not to be identified because the talks are private. European leaders are focusing primarily on ... (full story)
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