The Taoiseach will meet with his EU counterparts in Brussels later – where he will push for the implementation of agreements made earlier this year on banking debt.
Last June, EU leaders agreed to use the ESM bailout fund to directly recapitalise banks.
CONTINUE READING BELOW
But since then, some EU Finance Ministers have said that this should only be applied to future debt, rather than legacy debt – a move which would have a negative impact on Ireland.
The European Commission’s Economic and Monetary Affairs spokesperson Simon O’Connor says the Commission is fully behind the agreement made at the June summit:
