Irish Deputy Prime Minister Eamon Gilmore said an accord that paved the way to cut the country’s legacy bank debt won’t unravel as he sought to calm investor concern that German-led opposition could derail the agreement.
Sept. 27 (Bloomberg) –- Ireland’s Deputy Prime Minister Eamon Gilmore talks about the European Union deal to cut the legacy debt from the 2010 rescue of the bailed-out nation's banking system, and the country's efforts to reduce its deficit. He spoke yesterday in an interview at Bloomberg headquarters in New York. (This is an excerpt of the full interview. Source: Bloomberg)
Irish Foreign Minister Eamon Gilmore said the government will discuss with the European Central Bank imposing losses on some senior bank bondholders, even after ECB President Jean-Claude Trichet signaled his opposition.
Ireland criticized what it described as the leaking of a European Commission report on the Irish bailout and has raised the issue with Germany’s Finance Ministry and the commission, Foreign Minister Eamon Gilmore said today.