News round-up: the top stories on Monday
Eircom exits examinership process; Wallace quits technical group; markets lose their Spanish fizz; Italy in the crosshairs; Tesco's Irish sales up; Irish consumer sentiment drops.
**Eircom has announced** that the three companies in its group placed under examinership at the end of March have successfully exited the process.
**Independent Wexford TD Mick Wallace** has stepped down as a member of the Dáil’s technical group.
**European shares erased gains**, led by a selloff in Spanish and Italian lenders, as optimism faded that Spain’s €100 billion bank bailout will contain the sovereign debt crisis.
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