- Sep 10, 2008
<H2>The Irish opposition's finance spokesman says he believes European intervention is "underway" and that matter will "come to a head in 24 hours".
</H2>Michael Noonan, of the centre-right Fine Gael party, said he was "extremely concerned" that weekend rumours about a £67bn European Unionbailout were true.
His comments come after justice minister Dermot Ahern labelled the allegations as "fiction", saying no application had been made to Europe for assistance
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Being discussed on CNBC.