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Monday 23 April 2018

Irish bank debt 'not on agenda' for finance ministers

CHANGES to Ireland's banking debt or details of how the country is expected to benefit from the deal reached at the last EU summit are not expected to be discussed at a meeting of European finance ministers today, writes Fiach Kelly.

The Government will have to wait until the end of the month at the earliest to see how the debt deal can benefit Ireland, since the Spanish crisis will be the primary focus of the eurozone finance ministers' meeting.

A spokesman for Michael Noonan said the fact Ireland is not expected to be discussed will have no major bearing on the minister's goal to have a deal on Ireland's banking debt wrapped up by the end of October.

The summit agreement, reached two weeks ago, was heralded as decisive because it promised to break the link between state and banking debt.

But opposition to the plan has been growing in countries like Germany, Holland and Finland.

Ireland has been seen as one of the main winners from the deal.

Irish Independent

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