BRUSSELS (MNI) – The following is a statement from the Irish
minister of finance, Brian Lenihan, in response to the EU finance
ministers statement at the G20 on the new permanent crisis mechanism for
the EU and its relevance to the current situation:
“I welcome the solidarity shown by our EU partners and the G20 with
Ireland.
“The clarity provided by the EU Finance Ministers of the G20 is
most welcome.
“The Statement makes it clear that any potential private sector
involvement in that mechanism does not apply to any outstanding debt and
any programme under current instruments.
“Any new mechanism would only come into effect after mid-2013. So
this would have no impact whatsoever on the current arrangements.
“Our EU Partners have confirmed their full confidence in the
budgetary strategy being pursued by the Government.”
–Brussels: 0032 487 (0) 32 803 665, echarlton@marketnews.com
[TOPICS: MT$$$$,M$$FX$,M$$EC$,M$X$$$,M$$CR$,MGX$$$]
