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ECB considered rescue aid for Ireland, says German paper
Date 28/09/2010 10:58  Author webmaster  Hits 953  Language Global
28 SEP 2010

By Andrew Willis

EUOBSERVER / BRUSSELS - The European Central Bank considered activating the eurozone's emergency rescue mechanism to provide Ireland with funds, according to a report in the German Handelsblatt newspaper on Monday (27 September).

Citing unidentified government officials, the German daily said several euro-area governments had already been told to raise money on Ireland's behalf in case the need arose.

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