Republic of Ireland’s bailout terms ‘won’t be eased’ - The Best from Greece
Posted on: 07/Mar/2011
The prospective partners are further hampered by gloomy new figures which reveal the Republic’s finances are in a worse shape than expected.
Despite deepening economic woes, Chancellor Merkel indicated there would be no special treatment for Ireland.
But Ms Merkel's uncompromising message was that Ireland and Greece had “tapped an aid programme” and agreed to conditions they must now fulfil.
Mr Kenny had been expected to raise the issue of renegotiating the interest rate at an upcoming meeting with Ms Merkel and |other European People's Party leaders in Helsinki, Finland. But a spokesperson for Ms Merkel said she would not be having a one-to-one meeting with Mr Kenny, like she did during the election campaign.
As the Fine Gael-Labour talks on a coalition deal continued, Taoiseach Brian Cowen and the seven ministers remaining in his depleted cabinet met in government buildings, their final meeting is scheduled for next week.
A short distance away, Fine Gael and Labour negotiators continued talks on the policies and complexion of the next government.
The key issues remain the differences between Fine Gael and Labour on reducing the Budget deficit (€7bn/£5.9bn reduction target for Labour, €9bn/£7.6bn for Fine Gael) and the length of time required to do it (2016 for Labour, 2014 for Fine Gael).
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