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Updated 10.05am
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Everyone’s talking about…
Greece will officially default on a €1.6 billion loan to the IMF at 11pm tonight but in a somewhat savvy political move, Syriza has managed to turn most people’s attention to Sunday’s referendum on the latest proposal from the Troika.
Greek Prime Minister Alexis Tsipras wants his fellow countrymen and women to reject the referendum this weekend, arguing on national TV last night that it would give him a mandate to return to the negotiating table and get a better deal from international creditors.
Taoiseach Enda Kenny last night urged his Greek counterpart to return to the negotiating table right now. Ireland’s maintains its hardline position, arguing there should be no debt relief for Greece. Speaking on his way into cabinet this morning, Kenny said Tsipras’ late request for a one-month extension to Greece’s bailout programme came too late.
It came at the very very last minute but the opportunity is still there to go back to the table and work it out and I hope that that can happen.
Some senior government figures now believe that Greece’s exit from the eurozone is all but certain, but the sort of contagion effect we worried about just a few years ago doesn’t appear to exist any more.
That doesn’t mean Ireland would be entirely shielded from the effects of a ‘Grexit’ and officials from the NTMA and the Central Bank were last night briefing senior ministers, including the Taoiseach and Tánaiste, ahead of this morning’s cabinet meeting.
An interesting week lies ahead.
The agenda…
Inside Leinster House
The Independent Alliance unveiled over half a dozen new candidates for the general election at Leinster House yesterday. But it didn’t quite go to plan when Shane Ross clashed with the Oireachtas ushers and was told to take his new recruits outside the gates.
What the others are saying
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