Taoiseach says he never envisaged second bailout – The Irish Times – Sat, Oct 27, 2012


TAOISEACH ENDA Kenny said “an avalanche of speculation” over Ireland’s debt legacy last weekend was damaging as he confirmed the process of assistance for Ireland under the European Stability Mechanism was under way.

He said this process did not involve a second bailout programme, and reiterated the decision of June 29th to break the link between sovereign and bank debt.

Speaking at the announcement of 100 jobs at Voxpro in Cork yesterday, the Taoiseach referred to what he described as damaging speculation last weekend over comments by German chancellor Angela Merkel which appeared to rule out backdated recapitalisation’s of euro zone banks.

“There was an avalanche of comment and speculation as if this was reality last weekend. Doing down our country, in fact, when clearly at the very highest level of the European Union we have a clear understanding from our communiqué and from the press conference with the French president of what that understanding actually is. So we are now in a process of negotiation and discussion about how the assistance can be given to Ireland, not if any assistance can be given to Ireland.”

Responding to comments by a spokesman for Dr Merkel’s CDU party yesterday, who said new conditions would have to apply if the ESM was used in such a manner, Mr Kenny said that he had never “envisaged” a second bailout.

“I wouldn’t put any kind of term like that on it,” Mr Kenny said. “Part of that decision was to recognise the special circumstances that apply in Ireland’s case in that our banks have already been recapitalised at public expense.

“The joint communiqué issued by myself and the German chancellor on Sunday … clearly says that the special case that applies in Ireland will be taken into account in the negotiations and the discussions that are now the mandate of the eurogroup or the ministers for finance.”

He said the Government was pursuing the decision made on June 29th to bring it to reality.

“This is not a sort of troika bailout situation that applies now, Ireland’s banks have been recapitalised to the highest level. that’s a matter of historical record. That burden has been put on our taxpayers and that’s why we are pursuing the decision taken on June 29th to bring that to reality which will ease our position somewhat.”

via Taoiseach says he never envisaged second bailout – The Irish Times – Sat, Oct 27, 2012.

via Taoiseach says he never envisaged second bailout – The Irish Times – Sat, Oct 27, 2012.

About Old Boy

Love the past and the future but live in the present

Posted on October 27, 2012, in Government, IMF/ECB and tagged , , , , , , , , , , . Bookmark the permalink. 1 Comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

MovieBabble

The Casual Way to Discuss Movies

OLD HOLLYWOOD IN COLOR

...because it was never black & white

LEANNE COLE

Art and Practice

CURNBLOG

Movies, thoughts, thoughts about movies.

FilmBunker

Saving you from one cinematic disaster at a time.

From 1 Blogger 2 Another

Sharing Great Blog Posts

Wonders in the Dark

Cinema, music, opera, books, television, theater

Just Reviews

Just another WordPress.com site

Mark David Welsh

Watching the strangest movies - so you don't have to...

conradbrunstrom

Things I never thunk before.

News from the San Diego Becks

The life and times of Erik, Veronica and Thomas

The Silent Film Quarterly

The Only Magazine Dedicated To Silent Cinema

Leaden Circles

First a warning, musical; then the hour, irrevocable. The leaden circles dissolved in the air.

My Archives

because the internet is not forever

CineSocialUK

Up to the minute, fair, balanced, informed film reviews.

PUZZLED PAGAN PRESENTS

A Shrine to Pop Culture Obsessiveness. With Lots of Spoilers

Thrilling Days of Yesteryear

“Nostalgia isn’t what it used to be” – Peter DeVries

thedullwoodexperiment

Viewing movies in a different light

Twenty Four Frames

Notes on Film by John Greco

Suzanne's Mom's Blog

Arts, Nature, Family, Good Works, Luna & Stella Birthstone Jewelry

It Doesn't Have To Be Right...

... it just has to sound plausible

NJ Corporate Portrait Photographer Blog

The life of a corporate portrait photographer who likes to shoot just about anything.

arwenaragornstar

A French girl's musings...

Jordan and Eddie (The Movie Guys)

Australian movie blog - like Margaret and David, just a little younger

Octopus Films

A place for new perspectives on films, TV, media and entertainment.

scifist 2.0

A sci-fi movie history in reviews

The Reviewer's Corner

The Sometimes Serious Corner of the Internet for Anime, Manga, and Comic Reviews

First Impressions

Notes on Films and Culture

1,001 Movies Reviewed Before You Die

Where I Review One of the 1,001 Movies You Should Watch Before you Die Every Day

Movies Galore of Milwaukee

Movie Galore takes a look at Silent films on up to current in development projects and gives their own opinion on what really does happen in film!

The Catwing Has Landed

A Writer's Blog About Life and Random Things

mibih.wordpress.com/

Anime - Movies - Wrestling

Gabriel Diego Valdez

Movies and how they change you.

The Horror Incorporated Project

Lurking among the corpses are the body snatchers....plotting their next venture into the graveyard....the blood in your veins will run cold, your spine tingle, as you look into the terror of death in tonight's feature....come along with me into the chamber of horrors, for an excursion through.... Horror Incorporated!

Relatos desde mi ventana

Sentimientos, emociones y reflexiones

Teri again

Finding Me; A site about my life before and after a divorce

unveiled rhythms

Life In Verses

Gareth Roberts

Unorthodox Marketing & Strategy

leeg schrift

Taalarmen

100 Films in a Year

12 months. 100 films. Hopefully.

%d bloggers like this: