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Ireland dissolves 'bad bank' in midnight debt move

Ireland's red eyes of the lawmakers voted to dissolve the country's "bad bank" in emergency measures, in order to pave the way for the new scheme of the European central bank processing.
The Irish parliament MPS at the end of the debate began before midnight over 6 Thursday morning high ticket vote through the clearing bank of Ireland resolution of the company, or IBRC,.
Ireland's head of state, the President Michael higgins, called back, the beginning of a three-day visit to Italy to sign the bill into law.
Treasury secretary Michael noonan told lawmakers, former Irish court system of the opening of the risk, because debt management of state-owned bank's private creditors to lodge a complaint, to prevent or complex bank disassemble, they have to agree to the measure.
Irish plan, transfer the property of the IBRC based asset value ?1.2 billion euros ($1.7 billion), the country's other toxic debt management bank, state-owned assets supervision and administration institutions.



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