June date for bank deal will not be met

Taoiseach Enda Kenny has admitted that the Jun 2014 deadline for a deal on the recapitalisation of the banks will be missed, but insisted a legacy bank agreement is still be on the table.

“I wouldn’t think it would be met. No. I always said in the latter half of 2014. I may be wrong here because when you sit around the table with 28 others, complications can arise from any point,” he said.

Ireland will continue to try and claw back some of the €28bn it used to fund the country’s three main banks when new structures are in place next autumn, despite EU sources pouring cold water on the idea at last week’s summit in Brussels.