Taoiseach: Bank debt deal will be dealt with by Finance Minister next year

Enda Kenny has said his meeting with Angela Merkel today will not be about making a decision on a deal for Ireland’s legacy bank debt.

By Hugh O'Connell Thursday 1 Nov 2012, 10:44 AM

Nov 1st 2012, 10:44 AM 4,911 Views 93 Comments

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Enda Kenny speaking in a video posted to the Irish Government News Service, MerrionStreet.ie

Image: Screengrab via YouTube/MerrionStreet.ie

Enda Kenny speaking in a video posted to the Irish Government News Service, MerrionStreet.ie

Image: Screengrab via YouTube/MerrionStreet.ie

TAOISEACH ENDA KENNY has said that discussions on a deal regarding Ireland’s legacy bank debt will be conducted by the Minister for Finance Michael Noonan throughout 2013.

Ahead of a meeting with German chancellor Angela Merkel in Berlin today, Kenny has said that today’s discussions will revolve around Ireland’s presidency of the EU, which begins on 1 January, and ‘The Gathering’ project.

In a video recorded for MerrionStreet.ie, Kenny notes the joint communique issued by Merkel and himself last month regarding Ireland’s ‘special’ status when it comes to dealing with its €64 billion in legacy bank debt.

But he said that the matter – concerning whether or not Ireland can access eurozone bailout funds to retroactively capitalise banks – will not be up for discussion today despite pressure from opposition parties for the matter to be dealt with more promptly in order to ease the debt burden.

Kenny said: “Our meeting today is not about making a decision on a deal for Irish bank debt. That matter will be discussed and negotiated by the Minister for Finance during the course of 2013.”

Watch the full message:

YouTube: MerrionStreetNews

Guten Morgen: Enda Kenny to meet Angela Merkel in Berlin today

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Taoiseach: Bank debt deal will be dealt with by Finance Minister next year

Enda Kenny has said his meeting with Angela Merkel today will not be about making a decision on a deal for Ireland’s legacy bank debt.