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The path quickly cleared Thursday for Finance Minister Brian Cowen to become Ireland's next premier after the entire Cabinet backed him to replace Bertie Ahern.

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RBS sells consumer finance unit to Santander (Independent)
Royal Bank of Scotland is to sell its European consumer finance business to Santander of Spain as it seeks to bolster its weakened capital position after last year's purchase of ABN Amro.

New guidelines set for finance ministers (UPI)
A memorandum of agreement among Europe's finance ministers mandates private-sector rescue of troubled banks, the European Commission disclosed.

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