The future of a potential deal on Ireland’s bank debt is in question – after Germany, Finland and the Netherlands have appeared to row back on the agreement made earlier this year.
They’ve issued a joint statement saying Europe’s ESM fund should only be used to deal with current difficulties, and it should not apply to legacy assets.
The Government had hoped that the deal made in June would see money from the European bailout fund used for Anglo Irish Bank.
Donegal South-West Deputy, Thomas Pringle says the rowback doesn’t come as a surprise, and he says the Government were relying too heavily on this apparent deal….
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