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.

11th June, 2012
Eircom has exited the examinership process.

**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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