EP president criticises those that broke banking debt promises

The President of the European Parliament has strongly criticised the finance ministers of the three European countries who're reneging on promises made on banking debts at last June's European Council summit.

Speaking in Dublin today, Martin Schulz said that EU leaders made a unanimous decision to decouple banking debts from sovereign debts during the Summit.

Last week German, Finnish and Dutch finance ministers declared that member states should still be liable for most bank debts even after the ESM bailout fund comes into force.

Mr Schulz said he supports the Taoiseach's argument that Ireland's banking debts should be separated from its sovereign debts: