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Bailout has fallen at first hurdle

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MEETING: While the Taoiseach
was grabbing headlines, Minister
Brendan Howlin was holding talks
with EU and IMF officials. Photo: Tom Burke

MEETING: While the Taoiseach was grabbing headlines, Minister Brendan Howlin was holding talks with EU and IMF officials. Photo: Tom Burke

MEETING: While the Taoiseach was grabbing headlines, Minister Brendan Howlin was holding talks with EU and IMF officials. Photo: Tom Burke

While the Taoiseach's trip to Washington and the May return fixture in Moneygall grabbed the headlines, the most important meeting of the week took place in Merrion Street, where Ministers Michael Noonan and Brendan Howlin hosted the International Monetary Fund, the EU Commission and the European Central Bank.

This was an unscheduled meeting held at the initiative of the new Government. It is clear that the principal purpose was to explain to the troika that the bailout deal for Ireland agreed on November 28 last cannot be implemented and needs to be revised.


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