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"Taking all of the losses of the banking system and putting them on the balance sheet of the...

"Taking all of the losses of the banking system and putting them on the balance sheet of the government doesn’t make sense," says Nouriel Roubini, following Ireland's bow to the EU and ECB. With Irish banks completely dependent on the ECB for funding, the government had no choice, says economist Dermot O'Leary.
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