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Monday 22 September 2014

Merkel "positive" on possibility of Ireland getting a bank debt deal

Published 07/03/2014 | 17:06

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REPRO FREE  7-3-14. German Chancellor Angela Merkel Meeting with An Taoiseach in Government buildings Dublin. Pic shows Taoiseach Enda Kenny and the German Chancellor Angela Merkel answering questions from the media during press conference at Government buildings in Dublin.   Pic Maxwell's - No Repro Fee   7-3-14
German Chancellor Angela Merkel Meeting with An Taoiseach in Government buildings Dublin. Pic Maxwell's

German Chancellor Angela Merkel says she still has a "positive" view on the possibility of Ireland getting a bank debt deal.

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The Chancellor also says there will be changes on an international level on the payment of corporation tax by multinationals.

Following a meeting with Taoiseach Enda Kenny, Chancellor Merkel said much work had to be done on putting the new banking supervisor in place.

She appeared to suggest a bank debt deal was still on the cards.

"I must say that I can only say I have a positive outlook on the possible outcome. We have achieved much but we are not at the end of the road yet," she told Independent.ie.

Mr Kenny said nothing can be done until the banking supervisor is in place. He said the process was underway and meetings were happening.

"The Chancellor is hopeful there will be a good result about queries that will be made at that stage," he said.

On corporation tax, Chancellor Merkel supported Mr Kenny's view but signalled changes were on the way with the way companies handled their tax affairs. .

"We will have a level playing field. We are on the same page. We are on the right track," she said.

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