Taoiseach to ask for money back from banks at EU summit

The Taoiseach will use an EU summit this week to remind leaders of an agreement  last June on breaking the link between sovereign government and bank debt.
He is traveling to Brussels for the two-day summit which starts this evening.
But ahead of his departure he wrote to his EU counterparts asking them to honour the commitment to set up a European permanent bailout fund.
Mario Draghi, the President of the European Central Bank, has meanwhile caused concern with an assurance to European taxpayers in a TV interview that there will be no more bank bailouts.
Our Business Editor Ian Guider says the Taoiseach will seek relief for Ireland.
“Obviously that’s another call for these European governments tot he European Permanent Bailout Fund, to get the money that we’ve put into the banks back” he said.
“You will remember Eamon Gilmore said that that was a game-changer, as did the Taoiseach, but there’s been no movement on that  since last June”.
“But he’s going to use this opportunity of this meeting in Brussels over the next couple of days to try and press them for some relief for the Irish banking system” he added.


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