The EU Commissioner for Economic Affairs, Olli Rehn, has said he still hopes to help Ireland find a solution to the issue of the bank debt.
Mr Rehn said the European Commission was committed to finding a solution to Ireland's debt burden issue. But the issue has been stalled with an elusive technical paper by the Troika still unpublished.
The Government had hoped that a deal whereby the permanent rescue fund, the ESM, would recapitalise Spanish banks directly without placing a further burden on the sovereign, could provide a template for something similar for the Anglo-Irish promissory notes.
Given the decidedly short-lived relief on the markets and the continued rise of Spanish and Italian borrowing costs, the authorities may already have to rethink how they handle the Spanish banking debt.
Full article
© RTÉ 2012-RTÉ Commercial Enterprises Ltd
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article