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Europe putting pressure on Ireland

Source: Reuters - Mon 15th Nov 2010

"I think Europe is pushing a very strong agenda because our government has made such a fiasco of rescuing our banks" Michael Noonan told the state broadcaster RTE.

"The problems in the banks now are beginning to undermine the euro and there is a contagion effect into Portugal and possibly into Spain" said Noonan, who would likely be Ireland's minister for finance if there was a change of government.

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