Taoiseach Enda Kenny has said last night's agreement in Brussels to address Spain's bank debt represented a seismic shift that should lead to a re-engineering of Ireland's debt burden.
The link between sovereign and bank debt has been severed, he said.
"There has been a seismic shift in European policy," he told RTE's Morning Ireland programme. "What was deemed to be unachievable has now become a reality."
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