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Dublin: 8 °C Friday 24 May, 2013

Michael Noonan set to meet with EU finance ministers

The Finance Minister is expected to discuss plans to ease austerity on bailout countries in meetings in Paris, Berlin and Rome next week.

File photo of Minister for Finance, Michael Noonan
File photo of Minister for Finance, Michael Noonan
Image: Eamonn Farrell/Photocall Ireland

MINISTER FOR FINANCE Michael Noonan has a series of meetings planned with other Eurozone finance ministers next week to discuss the way forward for Europe’s damaged economy.

Noonan will meet with his French, German and Italian counterparts on Wednesday and Thursday before travelling to Cyprus where EU ministers will reconvene on Friday.

The Irish Examiner reported Noonan intends to push for a deal to ease the terms of its costly bank bailout by next month.

A spokesperson for the Department of Finance told TheJournal.ie that the meetings were “part of the ongoing talks building on the summit agreement in June”.

At the summit in late June, eurozone countries agreed that rescue funds could be used to stabilise bond markets without forcing countries to impose extra austerity measures. The deal also involved the establishment of a supervisory body for eurozone banks by the end of 2012 bringing us one step closer to a European banking union.

The Department of Finance spokesperson said it was “important to discuss where we are now and what’s ahead and so there will be a series of government and ministerial meetings next week”.

The Minister will travel to Paris on Wednesday for his first meeting with French Finance Minister, Pierre Moscovici.

Read: ECB may buy Irish bonds at end of bailout programme>

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Comments (40 Comments)

  • @Ryan Allen
    This is the reason people take the piss out of the present government…they are the biggest bunch of spoofers that have ever come to power…how many of these promises have been kept?

    The 5 Point plan

    “At the heart of the current economic crisis is an unemployment crisis. Over the last three years 300,000 people have lost their jobs – the biggest fall in employment in the OECD and 100,000 mostly young people will emigrate over the next two years.

    “Fine Gael has a clear credible jobs plan which will create 20,000 jobs every year over the next four years by focusing on spending cuts rather than job-destroying tax increases. We will invest in our future through our NewERA plan to pump €7 billion in green infrastructure. We will invest in small and medium sized businesses through a new partial loan guarantee scheme which will give them the credit they so desperately need. In addition, we intend to abolish the lower rate of employer PRSI to encourage the creation and retention of jobs.

    “No economy has ever taxed its way back to recovery. Our budgetary plan will not increase income taxes, the 12.5% corporation tax or taxes on employment. We remain committed to reducing the Budget deficit by 2014 and our goal is to achieve a current budget surplus. By cutting down on waste and inefficiency Fine Gael will keep the Old Age Contributory and Non-Contributory Pensions at itheir current level. Working-age payments to carers, the blind and the disabled will also be maintained. We will minimise further reductions in job-seekers’ payments and other working age social welfare payments by getting more people back to work, and by reducing the massive levels of fraud and administrative cost in the current welfare system.
    “Fine Gael is convinced that the public sector has a crucial role to play in Ireland’s future. Public service is about enriching the lives of people and helping the most vulnerable in our society. But Fine Gael also believes that reform is essential. Put simply, Government must become smallerand Government must perform better. Government has to deliver better value in order to reduce the deficit, avoid job-destroying tax increases and protect frontline services. As part of this reform Fine Gael will: Abolish 145 state bodies and companies; reduce the total public service headcount by 30,000 by 2014 compared to 2010 while protecting frontline services; introduce a salary cap of €200,000 for everyone; gradually dismantle the HSE and FÁS, and create a single, more powerful Competition and Utilities Commission to champion the consumer.
    “In order to have the moral authority to take the tough decisions that will need to be taken, the political system must first look to itself.Fine Gael will implement the most ambitious programme for political reform since the 1930s. We will reduce the total number of Oireachtas members by a third by abolishing the Seanad and cutting the number of TDs by 20. We will significantly strengthen Freedom of Information; establish a “whistleblowers charter”; register all lobbyists; create a new Electoral Commission; amend the constitution to give Dáil committees full powers of investigation and strengthen the power of local government. Fine Gael is serious about political reform, it is overdue and the people are rightfully demanding it.
    “Our health system has been broken for many years and Fine Gael has a plan to fix it. FairCare will gradually dismantle the HSE and replace it with a system of Universal Health Insurance (UHI) starting in 2016, based on the very efficient Dutch model of healthcare. Once UHI is fully introduced the unfair and inefficient two-tier health system will be eliminated. Under the Fine Gael system hospitals will be paid for the number of patients they treat rather than giving block grants (Money Follows the Patient). We will introduce more affordable GP care by opening up contracts to all qualified doctors. Fine Gael will reduce waiting lists by establishing a Special Delivery unit, which reports directly to the Minister, to better manage waiting lists.

    “Fine Gael’s 5 Point Plan to Get Ireland Working can work, and will work. I believe that there exists within the Fine Gael team the talent and energy to implement the change of direction needed in Ireland to allow this country get back on it its feet.”

    Reply
    • Damien you can copy type……Excellent.
      In the above you were responsible for a word which is a vulgar alternative meaning to urinate. Do you normally express yourself as crudely in print. Would an employer be comfortable with someone on the payroll expressing themselves in such a fashion? Wash your mouth out Damien or whatever your name might be.

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  • dance monkey dance

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  • Mick its actually cut and paste, and I express my point crudely when needs must. When we are talking about the current administration i feel i have a polite as I can..My name is exactly as it says as I don’t hide behind the facade of a troll and my employers are quite happy with my personality…You picked out one word in the whole piece but failed to comment on the rest…says it all really.
    Now crawl right back up Enda’s arse like a good little troll

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  • Did we ever get an explanation as to why his private visit to the Bilderberg conference was payed for by the Irish tax payer?

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  • Given the current financial situation,would it not be cheaper if they just e/mailed him his instructions.It would nearly do the minister good ,in the sense that he could pretend he came up with ,whatever himself. A little ego boost for fido .

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  • Noonan is going over to get his budget from his masters.

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  • And bye the way insulting my parents just shows what a vile character you really are

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    • …by the way….

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    • Bye!

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    • Mick seems to think we should all be happy and polite that the political class of ireland and europe have no idea what there doing and are constantly making decisions that favor the rich and powerful and make the rest of us foot the bill for it. So what the people of this country have no right to vent anger and personal attacks against those in power like phil hogan who threatened and bullied every person who didn’t sing to his new taxing ideas or enda kenny who told a man to go find a job when he was confronted about his shabby job as leader, and of course reilly the real pick of the bunch who thinks that forcing disabled and elderly out to a cold protest over cuts is ok and was even called courageous by enda kenny when clearly hes protecting his buddies in the management of the hse……but yes mick your absolutely right we should all bow to our leaders greatness and salute our euro masters!

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  • “who’s a good boy, who’s a good boy. Now sit. Siiiiittt. Good boy, good boy. Roll over, roll over….” Etc etc

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  • To be told that the Irish Workers are still not paying enough taxes and that we still have money left in our wage packet to buy Food and a 5 litre drum of oil for heat
    Stay away Noonan and suck up some more to the European Ministers And do not pass go and do not collect your salary

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  • Your insults just show how pityful your arguement is go away troll!!!!

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  • Finish the headlines.”to get his monthly pat on the head”

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  • The kop 07/09/12 #

    hope he brings a tube of vaseline with him….for when he’s been rode bareback by the EU……

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  • now mick heres a nice treat and if ur very very good we will continue to let you, your worthless boss and the rest of the gravy train political traitors and rich/elite enjoy your celtic tiger lifestyles if you promise to let us continue to destroy your people and countries economic sovereignty and look after the bondholders and bankers, while trying to make your elderly,disabled,sick etc pay for it for the next 50years!

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  • Just one big show , Michael trying to look busy…lol , “MINISTER FOR FINANCE Michael Noonan has a series of meetings planned with other Eurozone finance ministers next week to discuss the way forward for Europe’s damaged economy.” Let me guess….more powers given away in the name of saving the country , more fear on the way so will buy into the next power erosion document. Sick of it !!

    Reply
  • LeeKelly 07/09/12 #

    Fester’s goin to the Adams Family reunion. ;-)

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  • It’s all the one who he meets….Ireland has been shown as having little or no influence in Europe. Nothing we say or do matters a whit to the bigger nations. Us and the other smaller countries would b nearly as well off forming our own Union.

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  • I hope the meeting goes well for Michael Noonan and for the Republic.

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  • So everyone seems to agree that the Government should be doing more about cutting the debt burden.

    The Government does more by organising meetings with influential European colleagues and guess what happens – the commentators on here resort to crude rape jokes (people showing their ignorance about rape, no surprise there!), gay jokes and attacks on Noonan’s looks. There’s no discussion whatsoever about policy I note.

    Anyone who considers entering politics in this country must be mad if the above comments pass for legitimate political debate in this country. Personal insults are all 90% of the commentators seem to be able for.

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    • Ryan
      The above doesn’t pass for political comment at all. These are people who live on the margins of Irish Society, with little education and in former times would have been hanging around street corners with an eye on swinging handbags or purses. They never learned respect because it wasn’t important in their social class or among their fellow degenerates. In fact it is also a generational thing because their parents were like that as well.
      They don’t represent society they resent it. They don’t know what a Minister might be discussing with his opposite number in French maybe because they are challenged in basic English.
      The real problem is the survival of theJournal because it is fast slipping into a slime pit.

      Reply
    • LeeKelly 07/09/12 #

      Pants. The above troll got no response :-( Hard Luck this time.

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  • So he can be told that that their not changing their interest rates and that they have to tax us more and up our prices more until we,re basically on the verge of poverty, however while our government gets to swan around on €200,000 a year….hmmm who got us into this mess??….so why the f**k are we the one,s paying for it ..

    http://www.change.org/petitions/supporting-the-irish-nation-step-down-from-government#share?utm_source=guides&utm_medium=email&utm_campaign=weekly_summary

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  • Bet he’s going to get his hair ruffled!

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  • sick of them, now they are arse licking the banks, and trying to shut credit uniions, with the same ploy they shut quinn insurance,,, quinn a business man for donkeys years, made money, paid taxes,, but had to keep his moneys in reserve not try to make more money,,, well now thats the ploy for credit unions, have to keep money and knowing its not possible,, we will be pushed back to banks, then of course they are bringing the bankers to court, we will pay millions for those court cases and they can be fined 3500 euro,, oh ireland i am so giving up on thee,, its so corrupt its unreal, and yes we shall sit and wait for more penalties in january budget, while our government break our country even more,,,

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  • Plucker up Mikey

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  • mcbab 07/09/12 #

    Mick Collins I agree with everything you said in your comment. But no need to worry those knuckle scrapers are unable to hold a pencil to vote. Such ignorance is shocking.

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  • censored 07/09/12 #

    Go wan Noonan! You tell em!

    Reply

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