Support for Irish banks is stumbling block in German coalition talks - report

A plan for the EU to provide further financial support to Irish banks has become a stumbling block in talks to form a new German coalition government, according to a report in Germany.

10th October, 2013
Angela Merkel's potential coalition partners are seeking assurances on Irish taxation.

A plan for the EU to provide further financial support to Ireland in the form of direct support for Irish banks has become a stumbling block in talks to form a new German coalition government, according to a report in today's Süddeutsche Zeitung.

The use of the new EU rescue fund to pay for some of the recapitalisation of the Irish banks - and troubled banks elsewhere in Europe - has become a...

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