Minister Michael Noonan has yet again displayed his amazing ability to be a total fool. He today announced that what ever deal the Greeks get on a new debt deal it wont be applicable to Ireland.
Our beloved finance minister wont even be looking for a similar deal for Ireland.
Ireland yet again could play hard ball and demand a similar deal for ourselves but alas Mr Noonan wont be looking for one.
Roll on the Budget!
Any arrangements made to ease the burden of the Greek national debt will not be applicable to Ireland, Minister for Finance Michael Noonan said today.Arriving in Brussels this afternoon for a third round of talks in as many weeks between euro zone ministers and the International Monetary Fund, Mr Noonan said he was hopeful that a deal for Greece is imminent.“I’d be hoping that it will conclude satisfactorily this evening but you know the way these things work, you can’t be absolutely certain. But certainly the ground has narrowed,” the Minister told reporters.Mr Noonan said there was no plan at present for an official sector involvement arrangement the sense that it’s normally accepted” in which euro zone governments would bear losses on their holdings of Greek bondsIt is generally expected that the new package would cut to a negligible level the interest rate on the country’s loans from its euro zone partners.
Greek deal 'not applicable' to Ireland - The Irish Times - Mon, Nov 26, 2012The package is also expected to include money for Athens to reduce its debt burden by buying its bonds from private investors at below market costs.
Asked whether similar flexibility would be granted to Ireland, Mr Noonan said that was not the case.“The package that’s being discussed wouldn’t be applicable to Ireland. This is a special and particular case. There isn’t a crossover into Ireland’s affairs,” he said.When it was put to him that any deal might eliminate the interest rate on Greek loans, Mr Noonan said Greece was being dealt with separately. “We have own sets of negotiations either in place or will proceed next year so there isn’t a crossover.”