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Commercial News
10/3/2008 6:23:34 AM EST
Commercial & General Business Transactions Staff
Ireland OKs world-leading bank guarantee
DUBLIN, Ireland – (AP) Irish lawmakers approved a comprehensive bank guarantee Thursday, granting taxpayer protection to all deposits and debts of Irish-owned banks.
 
The sweeping deal commits Ireland to insure unlimited deposits and the interbank debts of six Dublin-based institutions totaling 440 billion euros ($600 billion) for the next two years.
 
Lawmakers in both . . . .
 
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