Irish Talks Intensify as Banks Lose Deposits, Cowen Campaigns
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Irish officials and experts from the European Union and International Monetary Fund are working through the weekend in Dublin, racing to finish an aid agreement amid pressure to act before markets tumble.
Allied Irish Banks Plc, Ireland’s second-biggest bank, emphasized the fragility of the financial system yesterday, reporting a 17 percent decline in deposits this year. IMF Managing Director Dominique Strauss-Kahn said Europe is moving “too slowly” to resolve the sovereign debt crisis that began in Greece.