Written answers
Wednesday, 16 January 2013
Department of Finance
Bank Debt Restructuring
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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To ask the Minister for Finance if he made proposals on Ireland's legacy bank debt at the summit on 22 November 2012; and if he will make a statement on the matter. [51352/12]
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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To ask the Minister for Finance if he raised the issue of debt relief for Ireland at the European Union Summit on 13 and 14 December; and if he will make a statement on the matter. [56785/12]
Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 191 and 192 together. I propose to answer questions 191 and 192 together.
The European Council Heads of State summits of 22-23 November and 13-14 December were attended by the Taoiseach and were to discuss the EU Multiannual Financial Framework and economic policy/banking supervision respectively. However, as the Deputy is aware, the Irish Government has been working extremely hard to secure a deal on the Irish bank debt with our European partners and this Government avails of every opportunity to advance Ireland’s position in relation to legacy bank debt with our European partners. Detailed work will continue to ensure that positive moves in Europe are harnessed to maximise the benefit to the Irish taxpayer.
This work is one of the Government’s key priorities and will remain a key focus during the EU presidency.
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