God this is boring at this point: Pressure on Noonan to devise 'unique' debt plan - National News - Independent.ie
Now that's reasonable enough tbh. We're the one asking for the variance, we're the one that should come up with the supporting, documented plan. Except....this is EU politics involving Ireland's politicians. Are we really able to come up with a comprehensive business plan that takes into account financial impact, implications of creating a possible precedent and the legal/constitutional ramifications of this? Have we ever come up with something like this in the past?THE Government has been told it will get a one-off bank debt deal -- but has to come up with a way to show our case is unique in the EU.
Hardline German Finance Minister Wolfgang Schaeuble signalled his government was positively disposed towards Ireland getting relief on our crippling debt burden.
But the Government, and particularly Finance Minister Michael Noonan, has to devise a way to get the money so that other countries can't use our case as a precedent.
The economy got another major vote of confidence when Mr Schaeuble insisted the country won't need a second bailout -- and will get a bank debt deal.
Or will we just keep people shuttling over to Germany and back to hear nice things?
The man in question stated:
Time to go out of house to get this done. Hire a third party in (I know people won't like it, but we're talking about one of the big 4 most likely) to put a comprehensive plan together which will A: Give the Germans the cover they evidently want to give us the deal while B: Provide cover against other countries citing us as precedent."We know it's a very specific situation in Ireland, Ireland is a special case, the Eurogroup will continue to take this into account.
On the other hand, we agree we have to avoid any announcement which could be misunderstood in a way that everyone in the world is thinking the actual programme for Ireland does not work well, because it works well, and that is the most important thing. I am totally confident that Ireland is on track.
The country, despite facing great adversity, continues to make progress on fiscal reform, and is increasingly getting recognition as a model for other countries."