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In the papers today - 16 January

Eurotunnel, the troubled operator of the Channel Tunnel, looked to have narrowly avoided bankruptcy yesterday after a French court approved a plan to halve its debt and brushed aside lawsuits from 33 of the group's creditors. The court granted the company 36 months to complete its restructuring plans, which will see its creditors paid less than half of the £6.2bn they are owed - The Independent

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