independent

Monday 21 April 2014

France backs Ireland to exit bailout this year

FRENCH Finance Minister Pierre Moscovici has forecasted that Ireland will exit the bailout this year.

Mr Moscovici also said he was fully briefed on the Government's campaign to ease the terms of the punishing Anglo Irish promissory notes.

Finance Minister Michael Noonan met with his French counterpart this morning along with Public Expenditure and Reform Minster Brendan Howlin in central Dublin.

"I trust that Ireland will be the first country to exist the assistance programme set up by the Euro area and the IMF in the years of crisis, at the end of this year,” Mr Moscovici said.

"And we will support fully, clearly, this perspective."

Mr Moscovici also said he was fully briefed on the Government's campaign to see the terms of the punishing Anglo Irish promissory notes eased.

"I'm fully briefed and any kind of deal which can be reached with the Troika and ECB will suit us," the French minister said.

A joint communiqué issued following the meeting said the Ministers agreed that the return of growth must be at the heart of the European priorities in the coming months.

"The Ministers also took note of Ireland's very strong programme implementation and expressed confidence in the ability of Ireland to return to the path of sustained growth," it said.

Mr Moscovici also addressed the Institute of International and European Affairs (IIEA).

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