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EU welcomes Ireland rescue Add to ...

European diplomats Monday applauded Ireland's decision to accept a loan to prop up its ailing banks. But the Irish finance minister warned the country's banks will need to be pruned, merged or sold.

European diplomats Monday applauded Ireland's decision to accept a loan to prop up its ailing banks. But the Irish finance minister warned the country's banks will need to be pruned, merged or sold.

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