EU leaders to discuss plan amid criticism of bailout

IRELAND’S move to guarantee all bank deposits will be one of the issues discussed at today’s talks in Paris among the leaders of the EU’s major economies.

The €400 billion guarantee has drawn criticism from a number of countries and will give rise to a debate on the extent governments should guarantee bank deposits and loans.

Commission President Jose Manuel Barroso has emphasised the need to have a coordinated EU response, and was critical of Ireland’s failure to keep the EU informed of its actions.