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Euro Zone Make Up or Break Up, Spanish recession, Proposed ruling on Eircom, Receivers appointed, Private Ownership unreal, Airtricity expansion in the North, AIB Staff in IBRC
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Since the collapse of the Spanish property market, the country has struggled to restore investor confidence. Spain has the highest unemployment ratio in the industrialized world.
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Late last week, Patrick Horkan of KPMG was appointed as Receiver to the property development company jointly owned by Westlife’s Shane Filan and his brother Finbarr Filan, Shafin Developments Ltd.
It has just been announced today that the Examiner appointed to Eircom, Michael McAteer of Grant Thornton, has recommended a scheme of arrangement for Eircom, Meteor Mobile Communications Limited and Irish Telecommunications Investments Limited.
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It was announced this week that Select Holding would go into Liquidation after joint receivers were appointed last year.