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Govt turning back on debt deal: FF

The government's turning its back on plans to get a special deal on Ireland's banking debts. That's...
TodayFM
TodayFM

11:34 AM - 12 Jan 2015



Govt turning back on debt deal...

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Govt turning back on debt deal: FF

TodayFM
TodayFM

11:34 AM - 12 Jan 2015



The government's turning its back on plans to get a special deal on Ireland's banking debts.

That's according to Fianna Fáil, which says plans to sell AIB to private investors mark the end of Ireland's campaign to get special treatment in Europe.

Writing in the Irish Times today, Finance Minister Michael Noonan said the Irish State could recoup more than 29 billion euro injected into AIB, Bank of Ireland, and Permanent TSB during the financial crisis.

It would mean the 35 billion euro put into Anglo Irish Bank and Irish Nationwide would become the final cash cost to the exchequer, of the country's banking problems.

Minister Noonan has hired Goldman Sachs as advisers on plans for a possible sale of Ireland's shares in AIB.

But Fianna Fáil's Michael McGrath says the government now needs to say whether it's throwing in the towel for a deal in Europe:



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