Ireland reveals fresh Anglo Irish bailout

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Dublin on Thursday unveiled a new plan to recapitalise Anglo Irish Bank, its most troubled lender. The move will leave the government short of its budget target for this year.

The Central Bank of Ireland will provide the asset recovery arm of Anglo Irish, which was split earlier this month, with just above €34 billion ($46.4 billion) in funds to restructure the ailing lender. It said the total cost of bailing out the lender would amount to €29.3 billion with the option of an additional €5 billio

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