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Monday 26 October 2020
The personal insolvency arrangement involved a number of banks.
Analysis: Dr Joachim Pfeiffer’s visit to Dublin this week was not a pleasant one for Enda Kenny.
Bad news from Germany…
Having spent the morning at the EPP Congress, Merkel met with the Taoiseach and the Tánaiste at Government Buildings this afternoon.
“We need to know what the strategy is. At the moment we’re really in a vacuum,” Fianna Fáil’s finance spokesperson Michael McGrath said today.
Ireland needs a “straight-talking team” of 11 MEPs to help negotiate a debt write down, the Independent TD believes, but he has not held talks with any of the parties about joining them or getting their support.
The Minister for Finance met with the head of the eurozone’s permanent bailout fund, Klaus Regling, who reiterated his own view that any retrospective deal is not likely at the moment.
Ireland’s push for a bank debt deal may also come up, but is not on the formal agenda for the meeting today.
Trying to predict what’s going to happen in politics can be a fool’s game. So instead, here are a few questions…
Enda Kenny’s comments came prior to those of the European Commission president Jose Manuel Barroso last week where he appeared to rule out any retrospective bank deal.
The European Commission President didn’t mince his words last night.
The European Commission vice-president spoke last night about his initial shock at the scale of Ireland’s bank debt.
The independent TD said he has had no formal discussions with Fianna Fáil about the possibility of joining the party and running for it in next year’s European elections.
Enda Kenny was speaking at the end of the two-day European summit in Brussels today.
Enda Kenny has written a letter to the president of the European Council and other EU leaders. Read it in full here.
Earlier the Tánaiste Eamon Gilmore said that the result of the German election was never going to impact on Ireland’s push for retrospective recapitalisation of its banks.
The two Ministers will be holding a press conference from 4pm about the promissory note agreement. Let’s see what they have to say.
Leo Varadkar and Pat Rabbitte have both insisted that the discussions on reducing the burden of Ireland’s bank debt will continue despite a report that the ECB had rejected a key Irish government proposal.
Tánaiste Eamon Gilmore will address world leaders – including Angela Merkel – in Chile today as hopes for a deal on Ireland’s bank debt took a blow last night and the opposition criticised the government’s lack of openness.
The Taoiseach said that Ireland is “taking steps on the road to recovery”, while speaking at the European Parliament today.
The new European single supervisor needs to be established before bailout funds will be allowed to directly help banks in trouble.
Good morning! Here’s the nine things you need to know as the country prepares for another tough Budget.
But Kenny said the Government is seeking a new deal that is like “a replacement of a bank overdraft with a very long term mortgage”.
The Taoiseach made the comments in Brussels today, where he is meeting with other EU leaders for budget talks.
Hélène Conway-Mouret, who lived in Ireland for 30 years, says that the actions of French president Francois Hollande have helped softened Germany’s view on Ireland’s legacy bank debt.
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.
Fianna Fáil and Sinn Féin both criticise Noonan and Howlin for failing to extract public commitments from the German minister.
Michael Noonan and Brendan Howlin meet with Wolfgang Schauble at Farmleigh House in Dublin today where discussions on Ireland’s legacy bank debt are sure to come up.
Gilmore will spend a number of days in Germany, where he will speak on the topic of ‘Moving beyond the crisis – a shared future in Europe’ at a German political foundation.
Brian Hayes said that outlining Ireland’s negotiating position in public would not be “very clever from the country’s perspective.
The government’s campaign for a reduction in the cost of bailing out the banks has been given new hope after a joint statement from Enda Kenny and Angela Merkel, but what do you think?
Pat Rabbitte siad that he would have preferred if Angela Merkel had not made the remarks she made but insisted that an agreement to deal with Ireland’s bank debt still stands.
The government has continued to insist a deal on Ireland’s debt still stands despite comments from the German chancellor yesterday.
The Taoiseach conceded that he did not contact the leaders of Finland, the Netherlands and Germany after their finance ministers issued a statement on the bank debt deal.
Here are the things we learned, shared and loved today.
The Government’s method of pressuring EU leaders isn’t working, writes Fergus O’Connell. So here’s a suggestion…
Roisin Shortall’s resignation dominated the news this week – which may be a relief for some in Government.
The country’s three finance ministers issued a statement last night stating that the EU rescue fund would only deal with future problems.
Sinn Féin’s Mary Lou McDonald has heavily criticised the national think tank’s latest economic report.
The Budget, property tax, abortion, bank debt, Luke Ming Flanagan’s t-shirts and James Reilly’s statements – some of what we can expect as the Dáil returns this week.
THERE ARE 59 shopping days until Christmas.
Most retailers across the country will be closed until 1 December, losing out on some vital festive shopping business.
Many are depending on customers shifting to online sales during that time.
So we want to know: Will you do more of your Christmas shopping online this year?
Poll Results:
Share your story: voices@thejournal.ie
Partly sunny, showers around in the p.m.
Max: 12 °C
Min: 6 °C
A little morning rain, then a shower
Max: 11 °C
Min: 6 °C
Variable clouds, showers around; breezy
Max: 10 °C
Min: 6 °C
