A JOINT STATEMENT from Taoiseach Enda Kenny and Angela Merkel on Ireland’s legacy of debt from the bank bailout has provided new hope for a deal to reduce its overall cost.
The statement was issued in the wake of controversy caused by Merkel’s comments last Friday when she said the eurozone bailout fund could not be retroactively applied to help indebted nations, referring specifically to Spain.
Opposition parties have dismissed the joint statement from Kenny and Merkel saying it lacks clarification on just what exactly Ireland is seeking with regards to the €64 billion in debt it built up when it bailed out the banks. They are calling for greater clarification on the June agreement of EU leaders to end the ‘vicious circle’ of bank and sovereign debts.
So in light of all that today we want to know: Do you believe Ireland will get a deal to reduce the cost of its bank debt?