EC reveals fears of new crisis in Irish banking

The European Commission is warning Ireland to act ruthlessly with a "rigorous" approach to tightening its public finances.

EC reveals fears of new crisis in Irish banking
Mon, 13 Sep, 2010 - 14:37

The European Commission is warning Ireland to act ruthlessly with a "rigorous" approach to tightening its public finances.

In its latest economic outlook the commission also said there are growing fears of a fresh crisis in the Irish banking sector.

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