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28/01/2013
Varadkar Claims 'No Breakdown' On ECB Debt-Deal
Transport Minister Leo Varadkar has insisted there is "no breakdown" between the Government and the European Central Bank (ECB).
His comment follows a senior minister allegedly admitting that a number of issues have arisen between the government and the ECB over the Coalition's drive to secure a deal on Anglo Irish Bank debt.
Reports claimed the ECB rejected the government's proposals for a deal, which would be a massive setback for the Coalition, the Irish Independent reported.
News agency Reuters claimed the ECB decided this would amount to "monetary financing" of the Irish Government, which is banned under Article 123 of the EU Treaty.
However, Mr Varadkar said the Government's proposals were not dismissed.
"They were not rejected, there was no breakdown but there is no agreement yet," he said.
There is agreement on "a number of issues, not on others".
(H)
His comment follows a senior minister allegedly admitting that a number of issues have arisen between the government and the ECB over the Coalition's drive to secure a deal on Anglo Irish Bank debt.
Reports claimed the ECB rejected the government's proposals for a deal, which would be a massive setback for the Coalition, the Irish Independent reported.
News agency Reuters claimed the ECB decided this would amount to "monetary financing" of the Irish Government, which is banned under Article 123 of the EU Treaty.
However, Mr Varadkar said the Government's proposals were not dismissed.
"They were not rejected, there was no breakdown but there is no agreement yet," he said.
There is agreement on "a number of issues, not on others".
(H)
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