DUBLIN (AP) — Ireland’s red-eyed lawmakers have voted to dissolve one of the country’s “bad banks” in an emergency measure designed to pave the way for a new debt-repayment deal with the European Central Bank.

Lawmakers in both chambers of Ireland’s parliament overwhelmingly voted to liquidate the Irish Bank Resolution Corp., or IBRC, at the conclusion of debates that started just after midnight and concluded just before 6 a.m. Thursday.