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The reason for the holdout on Ireland was the country's refusal to make concessions on its rock-bottom corporate tax rate
-- long a sore point for France and Germany. "Ireland was asked to make a gesture, but we didn't get satisfaction. So the renegotiation of loans that Greece has was not done for Ireland," French President Nicolas Sarkozy told journalists. "It's difficult to ask others to help finance a plan but not concern themselves with the tax side," Sarkozy said.
[Associated
Press;
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