Noonan hopeful ahead of talks on EU crisis

Noonan hopeful ahead of talks on EU crisis

Finance Minister Michael Noonan said today that signs are more hopeful that world leaders are moving towards a resolution of the EU crisis.

Speaking in Limerick, Minister Noonan said that the leaders of the G8 meeting in the US at the weekend seemed to be responding to demands in the EU for a jobs and growth strategy.

He said the priority now will be to formulate a policy in the short-term to add a growth strategy to the fiscal correction programmes taking place in many countries.

Minister Noonan said that this week's summit of EU leaders will be important in pushing forward this agenda.

"The priority is to formulate policy that they can implement in the short-term to add a jobs and growth strategy to the fiscal correction programmes that are taking place in all the countries now," he said.

"It's not a question of 'either or' - it's a question of both.

"A second programme has to be run in parallel across Europe and I think that'll help very significantly."

More on this topic

ECB signals June stimulus ruling out swift recoveryECB signals June stimulus ruling out swift recovery

Eurozone finance ministers agree deal for more spendingEurozone finance ministers agree deal for more spending

Moody's: Interest rates to stay low 'for several years'Moody's: Interest rates to stay low 'for several years'

Eurozone economy grows at modest pace amid Brexit uncertaintyEurozone economy grows at modest pace amid Brexit uncertainty


More in this Section

Air Corps helicopter assists fire crews fighting blaze in Burren National ParkAir Corps helicopter assists fire crews fighting blaze in Burren National Park

Varadkar, Martin and Ryan to try and overcome major obstacles encountered in talksVaradkar, Martin and Ryan to try and overcome major obstacles encountered in talks

Call for child poverty and education to be focus of new governmentCall for child poverty and education to be focus of new government

Gardaí appeal to parents not to leave children in cars while shoppingGardaí appeal to parents not to leave children in cars while shopping


Lifestyle

Even in the drug-filled, debauched annals of the rock and roll memoir, Mark Lanegan's Sing Backwards And Weep stands out.Mark Lanegan: Drugs, Liam Gallagher and me

Donal Dineen was the man who first brought David Gray and many other emerging artists to our ears. He’s had a lower profile in recent years, but has returned with a new podcast, writes Eoghan O’SullivanDonal Dineen: Pushing the buttons on a new podcast

Is there are science to back up some of the folklore we have grown up with?Appliance of Science: If a cow sits down does that mean it will rain?

This time last year Whiddy Island in West Cork was bustling with people who had caught the ferry for the short trip from Bantry to ramble the island’s boreens as part of the Bantry Walking Festival. Not so this year.Islands of Ireland: Whiddy in the same boat

More From The Irish Examiner