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Taoiseach No bank deal today with Merkel

Thursday, November 01 10:30:31

Taoiseach Enda Kenny travelled to Germany this morning for a meeting with Chancellor Angela Merkel but said he does not expect a deal on Ireland's legacy banking debt to emerge from the encounter.

"Our meeting today is not about making a decision on a deal for Irish bank debt," Mr Kenny said in a video posted on the Government's news website this morning.

"That matter will be discussed and negotiated by the Minister for Finance during the course of 2013."

"We confirmed the unique circumstance relating to Ireland's bank debt will be taken into account by the euro group of finance ministers in their discussions about putting in place a banking union and a supervisory mechanism as was agreed by the European Council on June 29th," Mr Kenny said in the video.

The leaders will hold a joint press conference after the talks during which the Taoiseach will be anxious to move beyond recent tensions over Ireland's bank debt.

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