Taoiseach: Bank deal 'not a troika bailout situation'26/10/2012 - 15:40:32
The Taoiseach Enda Kenny is denying that any deal on our bank debt would amount to a "second bailout".
It comes after Germany declared that if the bailout fund, the ESM, was used then conditions would have to apply.
Speaking in Cork, Mr Kenny has also criticised what he called "the avalanche" of criticism of his handling of the situation surrounding bank debt last weekend, which he has said damaged the country's international reputation.
The Taoiseach is denying any deal on bank debt will amount to a bailout with conditions such as cuts and taxes, similar to what we have now.
He said: "That is all for the discussions that are mandated now to the Euro group. This is not a troika bailout situation that applies now.
"We are pursuing the decision that was taken on June 29 and to bring that to reality, which will ease our situation somewhat. It still won't deal with the question that the Government has to work through which is the sorting out of the public finances."
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