Irish government steps in to prop up all its struggling banks
The Irish government today rushed to prop up the country's banking system with an unlimited, comprehensive guarantee of all forms of deposits and loans to them for the next two years.
The government, led by Taoiseach Brian Cowen (right), said the move was needed 'to safeguard the Irish financial system'.
The department of finance said the guarantee was designed to 'remedy a serious disturbance in the economy caused by the recent turmoil in the international financial markets'.
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Irish government steps in to prop up all its struggling banks | Mail Online
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