Talks on Ireland's bank debt to be "very protracted" - Elderfield

Talks to decide whether Ireland will recoup some of the money it injected into its lenders are unlikely to be settled until Europe’s single banking supervisor starts, the financial regulator said.

26th November, 2012
There are still lots of "political discussions" to take place, said financial regulator Matthew Elderfield.

Talks to decide whether Ireland will recoup some of the money it injected into its lenders will be “very protracted” and unlikely to be settled until Europe’s single banking supervisor starts, financial regulator Matthew Elderfield said.

The government is pushing to use the European Stability Mechanism, the region’s planned permanent bank-rescue fund, to replace some of the €64 billion of taxpayers’ money it has earmarked to rescue its lenders. Other European...

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