Business Irish

Monday 19 March 2018

Noonan to meet Schaeuble on bank debt deal

Finance Minister Michael Noonan. Photo: Collins
Finance Minister Michael Noonan. Photo: Collins
German Finance Minister Wolfgang Schäuble speaking at a meeting of the association of foreign journalists in Berlin

FINANCE Minister Michael Noonan will try to advance Ireland's claim for a bank debt deal today when he meets tough-talking German finance minister Wolfgang Schaeuble.

But the German finance minister is pushing his own demand for a new EU Commissioner with the power to veto countries' budgets.

Mr Noonan and Public Spending Minister Brendan Howlin will meet Mr Schaeuble in Farmleigh House, in Dublin's Phoenix Park this morning.

Mr Noonan will be building on the statement by German Chancellor Angela Merkel last week that Ireland is a "special case" for a bank debt deal.

The chancellor's remarks ended suggestions Germany would block any backdated injection of cash into banks.

Irish Independent

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