Ireland reaches historic bank deal

euronews (in English)
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Ireland has struck a long-awaited deal to ease the burden of the debts it took on to rescue its banking system.

Prime Minister Enda Kenny won European Central Bank approval to stretch the cost of bailing out Anglo Irish Bank over 40 years.

It had been due to pay it off in 10 years, straining the state's finances and hobbling the economy.

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