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THE TÁINAISTE EAMON Gilmore has said the new eurozone deal greatly reduces the chances of Ireland needed a second bailout.
Gilmore was speaking in the wake of last night’s dramatic decision which came after 13 hours of meetings between EU leaders. The deal means that Spain’s banks can be bailed out directly from the European Stability Mechanism, and that the same measures can be applied retrospectively to Ireland.
The Tánaiste told Morning Ireland on RTÉ Radio One that the news “changes the game for us as far as bank debt is concerned”, and that the method of breaking that link can now be applied to Ireland.
He said that by next year Ireland will have a “massive level of debt for any country to bear”, but that this deal will make things easier for the Irish people and help to bring the debt to GDP ratio down.
Gilmore also said that he does believe the deal will be retrospectively applied, and said that it massively improves the chances of Ireland not needing a second bailout.
Enda Kenny has described the decision as a “seismic shift in European policy” and said that the debt burden on the Irish taxpayer can be re-engineered.
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Surprised China agreed to the sanctions in the U.N…..Good diplomacy on part of US…This may be final blow to North Korea might lead to slow end of the regime there…
@John003: it’s not something President Trump’s predecessor could get the chinese to go along with.
@Martin Black: That’d presumably be because the Chinese are feeling the pinch now like everybody else. They feel abstaining is no longer enough. The big problem for China is their worry about what comes next. North Korea has not just been a nuisance to them but also a convenient buffer. Without that ambiguous attitude all of this wouldn’t have been happening in the first place.
@John003: Every part of asia has US nuklear weapons pointing at them. would the trump like that on his doorstep?
@Sean Conway: what difference does ot make if you have one country with thousands of nuclear weapons or several country’s around you pointing the same countries weapons at them? USA has russia that points it’s arsenal at them. It’s mutually assured destruction and it’s surprisingly effective at keeping peace.
Good job they decided to cap the importation of diesel and kerosene. That will put a stop to the 2ltr Diesel Intercontinental Ballistic Missiles and the shorter range home heating oil powered rockets.
He’s a modern day John Lennon!!
@Martin Black: John Lennon wrote his own stuff.
This is a more effective approach than Trump’s bellicose and empty rhetoric.
Trump needlessly inflamed and provoked a rogue leader.
Fortunately, the UN Security Council has take a more rational and proportionate approach.
There is no need for kiling hundreds of thousands of people. All human beings are of value, regardless of nationality.
The UN security council is not independent of the countries in it…..China has changed its decades long stance on North Korea have to give Trump some credit for that. …However these UN sanctions may lead to famine in North Korea this winter with populal unrest against Kim….
@Fiona deFreyne: The UN only agreed because of pressure exerted by Trump. The same can be said of the Chinese. Appeasing tyrants is a huge mistake.
@Fiona deFreyne: Please enlighten us, where has the “more effective” appeasement that has been the status quo for the past three decades got us? Maybe we should wait until DPRK has nuclear warhead ICBMs with global reach or maybe we should wait until they have submarine launch capability with capability of no warning global strike.
No, appeasement has got us nowhere and it’s time for a new approach before the game is up.
the sad part of all this is its the ordinary people of north Korea who’ll suffer most. Kim will make sure his big fat ar$€ is kept warm this winter &hes well fed &cosy..doesnt give a damn about his people
Kim the rocket man may go play with his Lego instead of rockets.
have your say