Ireland could miss October bank debt target
The government will probably fail in its bid to secure an accord to reduce its legacy banking debt by the end of October, two people with direct knowledge of the talks said.
European Economic and Monetary Affairs Commissioner Olli Rehn said in July that concrete proposals on the Irish question would be presented to euro-area finance ministers in September before a final decision in October. The details are unlikely to be on the agenda when ministers meet in Cyprus next week, said one of the people, who asked not to be identified because the talks are private.
Posted on September 9, 2012, in Government and tagged Banks, European Union, Eurozone, Finance minister, Irish question, October, Olli Rehn, Sunday Business Post. Bookmark the permalink. Leave a comment.