US billionaire Wilbur Ross, whose company has invested in Bank of Ireland, said Irish voters may initially reject a European fiscal compact before approving it in a second vote.
Unlike previous referendums, an Irish rejection of the euro region’s latest financial agreement wouldn’t veto the deal for the rest of Europe. Ireland would be ineligible for the permanent EU bailout fund, the European Stability Mechanism, if it didn’t ratify the compact....
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