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Ireland’s Cowen to Weigh EU Steps to Shore Up Banks

Ireland signaled a willingness to weigh European Union measures to aid its banks, potentially abandoning a go-it-alone defense to prevent a resurgent debt crisis from destabilizing the euro.

With European Central Bank officials urging Ireland to set aside national pride and tap the 750 billion-euro ($1 trillion) fund created in May, Prime Minister Brian Cowen put aid for banks on the agenda of a meeting of euro finance ministers today.