Saturday, December 21, 2013

EU 'betrayed Ireland over debt'

Europe has betrayed Ireland over commitments to ease the cost of saving banks, opposition politicians have claimed.
The allegation was levelled after European Commission chief Jose Manuel Barroso claimed that Ireland was the cause of the euro crisis, not the victim.
The outspoken remarks just days after the bailout loan programme ended have done real damage to claims from the Government that a legacy bank debt deal is a long-term target.
The top official in Brussels also said that the proposed banking union across Europe is to protect against future losses in finance houses and not past.
Michael McGrath, Fianna Fail finance Spokesperson said his damaging remarks were a betrayal of previous commitments made by EU leaders that the Irish debt crisis would be treated as a "special case".
"President Barroso's blunt comments about Ireland are not open to misinterpretation," he said.
Source and full story: Irish Independent, 20 December 2013

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