Taoiseach expected at EU budget talks after IBRC all-nighter
The Taoiseach is still expected to arrive in Brussels today for high-level talks with EU counterparts in a bid to broker a deal on the EU's budget, despite a late night spent on the IBRC liquidation.
A meeting of heads of state and government of all 27 European countries is due to start this afternoon over intense talks regarding the EU budget.
Europe's leaders are under pressure to agree on the level of funding for each member state.
The Taoiseach cancelled a high level pre-summit meeting with President of the European Council Herman van Rumpoy and President of the European Commission this morning, but is expected later in Brussels.
The issue of Ireland's bank debt is now likely to be discussed by all member states depending on the outcome of the ECB governing council in Frankfurt later this afternoon.
Ireland has received broad political support for re-engineering the promissory note. It is expected the Taoiseach will arrive at the summit in Brussels with a deal to be discussed with his European counterparts.
