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Clare Labour TD insists deal eases tax payers debt burden

The Taoiseach  has described the deal on the promissory note as a good day for the country and its people.

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Enda Kenny says  that the next step was to continue to get as much of the money used to recapitalise other banks back for the tax payer

The opposition has accused the Finance Minister of ‘kicking the can down the road’, given that the debt will be paid off from 2038, while disappointment has been expressed that Ireland did not secure a write-down of the monies owed.

However Clare Labour TD Michael McNamara insists its makes the debt burden much more affordable.

 

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