Wednesday, 24 October 2012

Debt deal best done in Private, just like the past 18 months?

Brian Hayes is now telling us that the bank debt deal is best done in Private,  Just like you have been doing for the past 18 months Brian?

When are you actually going to deliver?

Bank debt deal negotiations best done in private

JUNIOR FINANCE MINISTER Brian Hayes has said that negotiations on addressing Ireland’s legacy debt are best done in private.
Hayes was responding to quotes attributed to a German government spokesperson yesterday that Ireland did not enjoy ‘special status’ when it came to bank debt which appeared to partly contradict a joint statement from Taoiseach Enda Kenny and German chancellor Angela Merkel on Sunday.
The Minister of State said that the debate on whether or not Ireland would get a deal to reduce the burden of its €64 billion bank bailout debt had reached “farcical proportions” and said that the country needed to concentrate on what was said in the joint statement at the weekend.
He told “I just think now is the time where we continue to negotiate and it’s better that these are done, effectively, behind closed doors.”
In a significant statement issued at the weekend Merkel and Kenny acknowledged that Ireland “is a special case” with regards to the sustainability of its bailout and the June 29 statement from EU leaders which committed to breaking the link between banking and sovereign debt.

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