German govt promises to work towards sustainability for Irish debt deal
on 20/10/2012 14:53:50
The statement follows earlier comments by the German Chancellor Angela Merkel in which she appeared to rule out the use of EU money to fund an Irish bank debt deal.
A spokesperson for the Taoiseach has said today's comments were a reaffirmation of a commitment to improve Ireland's bailout programme.
The comments made by Ms Merkel yesterday cast fresh doubt over a bank debt deal for Ireland.
She said EU funds would not be used to pay for banks that had already been recapitalized. The remarks were made in response to a question about Spain - but many have taken them to include Ireland too.
But today the German government has issued a further statement promising to work closely with Ireland to improve the sustainability of the bailout programme.
A spokesman for the Taoiseach said the statement was a firm reaffirmation of the promise to improve the Irish deal.
He said there is a standalone commitment to make the Irish programme more sustainable.