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When I associate floating IP, ip addr is not running on the network node

Hi all,

I am trying to associate a floating IP with an existing instance. I am running Xen hypervisor and nova network on ubuntu 12.04 and grizzly. I can create the floating IP range, but when I associate the IP with an instance, the firewall rules get added but the IP is not bound to the public interface. ip addr show <dev> does not show the public IP on the network node.

Any thoughts?