Minister: Lack of Anglo deal will thwart pay talks

Failure to deliver a deal on the Anglo debt will impact badly on public sector pay, a Government minister has admitted.

Labour health junior minister Alex White said there was a “huge amount riding” on the Coalition’s ability to secure agreement with the ECB before the next promissory payment of €3.1bn is due at the end of the month.

However, Mr White refused to be drawn on suggestions within Labour that failure to cut a deal could trigger a general election.

Mr White said that not getting an agreement would herald major problems in negotiating a Croke Park II settlement with public sector unions.

“It will be more difficult to persuade people to take further hits in terms of their living standards, on their pay, and so on, if we don’t get a deal,” he told RTÉ.

Mr White said getting a deal is “indispensable” to the country’s recovery.

The warning came as Labour Senator John Gilroy predicted a snap general election would happen if an agreement is not secured with the ECB.

The senator tweeted: “I think there will have to be a general election if promissory notes are to be paid.”

© Irish Examiner Ltd. All rights reserved

Email Updates

Receive our lunchtime briefing straight to your inbox

More in this Section

Woman had to wait 45 minutes for ambulance to take her 800m

Woman faces 18-month wait for vital cancer test

Pair plead guilty over car chase across Cork city

Drunk air rage passenger was on her way to rehab


Breaking Stories

Teen killed and another critical after crash outside Abbeyfeale

Kilkenny murder trial hears evidence from state pathologist who believes victim's death was 'swift'

ISPCC 'concerned' with 5.5% increase in homeless children

Save Cork City group claims OPW have refused meetings over Cork flood prevention plan

Lifestyle

Donegal's Little Hours are getting ready to make a real splash on the music scene

Scene + Heard: Entertainment news round-up

Cillian Murphy had his eyes on the Free Fire target

Ask Audrey: 'I’m waiting for my mother to die because her house is worth €1.8 million.'

More From The Irish Examiner