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Dublin: 16 °C Saturday 15 August, 2020

Taoiseach: 'No bank debt deal' this year

The Taoiseach made the comments in Brussels today, where he is meeting with other EU leaders for budget talks.

Image: Niall Carson/PA Wire/Press Association Images

TAOISEACH ENDA KENNY said today that there will be no deal on Irish bank debt before the end of 2012.

RTÉ reports that he made the comments in Brussels today, where he is to take part in talks alongside other EU leaders on their budget for the next seven years.

He said that he hoped that the issue of Ireland’s bank debt would be dealt with in parallel with negotiations on an EU banking union.

The draft version of the budget, or what is known as the 2014-2020 Multi-Annual Financial Framework (MFF) has been drawn up by European Council President Herman Van Rompuy.

Kenny said yesterday that the meeting will have “significant implications for the Union over the coming years”.

Read: Taoiseach and EU leaders gathering for budget summit>

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