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Volvo V40 not starting?

Hi, my Volvo V40 (2001) won't start, No crank, no fuel pump. The red LED light flashing rapidly for about 15 seconds when I turn the ignition to 2nd position, And when I turn the key to third position, everything goes out. Anyone had this and / or know what is causing the no start no crank?
Fin, January 2015
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