Taoiseach ‘pretending debt deal is on track’

Fianna Fáil leader Micheál Martin has accused Enda Kenny of pretending that a bank debt deal “is on track when that is not the case”.

The Taoiseach told the Dáil yesterday that last week’s EU summit was “very positive from both an Irish and a European perspective”.

He said member states, at the insistence of Ireland and others, had “explicitly reaffirmed the commitment” made at the June summit to break the link between banking and sovereign debt, and to provide for the recapitalisation of banks by the ESM, the new eurozone bailout fund.