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Ireland stays on the sidelines as EU nations battle over budget rules


German Finance Minister Christian Lindner said failure to act would lead to a loss of “credibility” in capital markets for EU countries

German Finance Minister Christian Lindner wants heavily indebted countries to cut spending and borrowing by 1% of GDP a year

Sarah Collins

EU countries are again in a standoff over how to rein in high debt under EU budget rules, but Ireland is staying out.

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