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Western EuropeJune 3 2009

A 'bad' solution for a battered economy?

As Ireland reels from its banking woes, a fierce debate is under way as to whether the government's 'bad bank' solution will be enough to open a route to recovery or whether widespread bank nationalisation is a more realistic option. Writer Philippa MaisterIreland's finance minister has divided opinion with his 'bad bank' plan
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A 'bad' solution for a battered economy?

A heated debate is under way in Ireland between supporters of the government's favoured solution to restoring the nation's battered financial system - a 'bad bank' - and those who say nothing short of nationalisation of the biggest banks will work. The survival of the country's economy may depend on finding the right answer.

The global financial crisis has not been kind to Ireland or its banks.

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