EU Summit Clash Looms as Kenny Rejects Merkel’s Bailout Terms
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Irish Prime Minister Enda Kenny rebuffed German Chancellor Angela Merkel’s conditions on easing bailout terms, setting up a clash as European Union leaders struggle to break a deadlock on tackling the debt crisis.
Kenny, arriving for his first summit as Ireland’s leader, rejected Merkel’s position to harmonize the corporate tax base in the euro region. Greece has already dismissed selling state-owned land to cut debt, her other prerequisite for reducing the cost of rescue loans.