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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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