No clarity on bank deal following Noonan-Schäuble meeting
October 29, 2012
Speaking following today’s finance ministers’ press conference in Farmleigh, Sinn Féin finance spokesperson, Pearse Doherty TD said that “no clarity was provided on the issue of the state’s legacy debt”. The Donegal South West TD also said that “effectively the matter has been parked until the second half of 2013”.
Deputy Doherty said:
“Today’s press conference featuring Minister Noonan and his German counterpart, Wolfgang Schäuble, shed no new light on the issue of legacy debt.
“No clarity was provided and no new information was provided. Effectively the matter has been parked until the second half of 2013 and possibly until after the German elections in September.
“The German Finance Minister was asked on a number of occasions to state whether he believed a deal on the legacy debt was possible or desirable. On each occasion he declined to comment.
“There is no evidence of any shift in the opposition of the German government on the matter of legacy debt. Nothing said at today’s press conference contradicts the clear statement against ESM funds being used to retrospectively recapitalise banks by Angela Merkel on Friday 19 October.”