Irish parties begin talks but EU is wary of bailout rethink

Irish parties begin talks but EU is wary of bailout rethink

first_img IRISH opposition parties started coalition talks yesterday after a resounding election win gave them the mandate to renegotiate an EU-IMF rescue deal they fear will bankrupt the former “Celtic Tiger” economy.Though a new government looks likely to get its way on a reduced interest rate on its European Union loans, its demands for bondholders in Irish banks to shoulder more losses have little support in Europe.“We have a common goal for Ireland to revive its growth dynamic and succeed in ensuring debt sustainability,” EU economic and monetary affairs commissioner Olli Rehn said.Rehn added: “Pricing policy, I am referring to the interest rates, is one key issue here which will be discussed in the context of the comprehensive strategy of the European Union.”The centre-right Fine Gael party, led by Enda Kenny, was swept into power over the weekend in a parliamentary election dominated by anger at Ireland’s financial meltdown and the harsh cure prescribed by Europe.Kenny, and Eamon Gilmore, leader of the centre-left Labour party, met for talks yesterday, Fine Gael said in a statement in which it named its negotiating team for talks. Fine Gael said both leaders would meet again early today. The new government will have to oversee cuts in public spending to cut debts. Share whatsapp Irish parties begin talks but EU is wary of bailout rethink Tags: NULL Show Comments ▼ KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsapp Monday 28 February 2011 8:47 pmlast_img

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