EU summit finishes without resolution on bailout fund

It will be left to Eurozone finance ministers to deal with the Irish bailout deal and the sought-for reduction in the State's interest rate.

It will be left to Eurozone finance ministers to deal with the Irish bailout deal and the sought-for reduction in the State's interest rate.

The summit of EU leaders has now ended, and more than the Irish issue has been left hanging.

Plans to increase the temporary bailout fund aimed at shoring up the Euro are also now on hold, until June.

However, leaders did approve tough new rules which will effectively force member States to subject their budgets to increased scrutiny and oversight.

Taoiseach Enda Kenny said questions about the cost of the Irish bailout would be resolved by Finance Minister Michael Noonan and his colleagues, once the cost of banking bailout is made known.

more courts articles

Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court
Defendant in Cobh murder case further remanded in custody Defendant in Cobh murder case further remanded in custody

More in this section

Melanoma mRNA jab ‘Real hope’ for cancer cure as personal mRNA vaccine for melanoma trialled
Number of Catholic marriages fall in 2023 with almost a third opting for civil ceremonies Number of Catholic marriages fall in 2023 with almost a third opting for civil ceremonies
Trudder House protests Five charged as garda commissioner condemns 'unacceptable scenes' at Newtownmountkennedy
War_map
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited