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Banks treating people on variable mortgage rates "very badly"
The Health Minister made the comment today.
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The Health Minister made the comment today.
The Government estimated that the levy would raise a total of €150 million for the exchequer each year from all Irish domestic banks.
Elmar Brok, the chair of the European Parliament’s Foreign Affairs Committee, has admitted he can foresee a situation where Cyprus could exit the single currency and said that authorities underestimated the current situation there.
“The solution we came to is certainly not the one we wanted, but its the least painful under the circumstances,” president Nicos Anastasiades said in a televised address to Cypriots this evening.
Introducing the levy could allow Ireland to save face in Europe – which is particularly important now that the IMF has said it is reluctant to pump money into the Irish banking sector.
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