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EC temporarily approves aid for Anglo Irish and INBS and opens inquiry into Anglo Irish aid
- Alston & Bird LLP
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- European Union, Ireland
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- April 1 2010
Yesterday, the European Commission (EC) authorized an emergency recapitalization worth up to 10.44 billion for Anglo Irish Bank (AIB) and 2.7 billion for Irish Nationwide Building Society (INBS) for reasons of financial stability approved for a period of six months
