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Portugal and Ireland are to be granted an extra 7 years to pay back their emergency bailout loans. European Union and the IMF bailed1 out the Republic of Ireland in 2010 and Portugal in 2011. The 17-member-group that uses the euro currency agreed to the terms at a meeting of finance ministers in Dublin. The plan would give Ireland and Portugal more time to recover after their bailout loans run out. Ireland's bailout money is due to end late this year. Portugal's will run out in 2014.
The Australian Tax Office has formally withdrawn2 from court proceedings3 against the company owned by mining magnate Nathan Tinkler. The ATO was trying to retrieve4 more than 600,000 dollars from the Buildev Group in which Nathan Tinkler is a major shareholder5, plus some with other companies. The Federal Court has now heard Nathan Tinkler's company, Buildev, has paid its debt to the Tax Office so that debt has been dismissed.
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1 bailed | |
保释,帮助脱离困境( bail的过去式和过去分词 ) | |
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2 withdrawn | |
vt.收回;使退出;vi.撤退,退出 | |
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3 proceedings | |
n.进程,过程,议程;诉讼(程序);公报 | |
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4 retrieve | |
vt.重新得到,收回;挽回,补救;检索 | |
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5 shareholder | |
n.股东,股票持有人 | |
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6 margin | |
n.页边空白;差额;余地,余裕;边,边缘 | |
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7 minor | |
adj.较小(少)的,较次要的;n.辅修学科;vi.辅修 | |
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