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Ireland strikes deal on bank debt

Feb 7 2013  Ireland says it has secured a deal with the European Central Bank to restructure some of its bank debt, and has put Anglo Irish Bank and Irish Nationwide into liquidation. This will not resolve Ireland's debt problems at a stroke, but it is a step forward in reducing the cost of debt servicing. Lex's Oliver Ralph and Vincent Boland discuss what the deal might mean.  (3m 6sec)
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Produced by Nalini Sivathasan. Filmed by James MacDonald
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