Anglo relief as Ireland extends aid

first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Anglo relief as Ireland extends aid Tuesday 7 September 2010 10:49 pm whatsapp Tags: NULL IRELAND extended its guarantee for short-term bank liabilities, including corporate and interbank deposits, as expected yesterday as the government sought to reassure investors about its financial position.The move came as Irish bond spreads hit fresh peaks amid renewed jitters about the health of the European banking sector piling more pressure on Ireland as it seeks to hammer out a deal with the European Commission over the future of nationalised lender Anglo Irish Bank.Dublin saved Anglo from collapse two years ago when it agreed to guarantee the liabilities of the entire banking sector and finance minister Brian Lenihan said yesterday that guarantee would be extended until the end of the year for short-term liabilities.With Ireland once again at the centre of European debt fears amid concerns over the escalating cost of bailing out Anglo Irish, there were real fears corporate depositors would pull funds out of Irish banks if the guarantee had been left to expire at the end of this month.Analysts said while the guarantee kept Ireland on the hook for its struggling banks, it at least gave them breathing space ahead of a crucial month in which they need to refinace around €26bn (£21.5bn) of funding. whatsapp KCS-content Show Comments ▼ Sharelast_img

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