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IRELAND - Goverment takes Anglo Irish Bank into public ownership

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The Irish government has decided to take control over Anglo Irish Bank Corporation, stating that the bank's viability is of systemic importance to the country.

The Central Bank and the Financial Regulator confirms that the bank remains solvent and will continue to trade normally. The Irish Stock Exchange and the UK Listing Authority have suspended Anglo shares from listing on the Stock Exchanges. Recently appointed chairman Donal O'Connor will continue in this role.
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