Gilmore Says Irish Debt Deal Won’t Unravel
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Irish Deputy Prime Minister Eamon Gilmore said an accord that paved the way to cut the country’s legacy bank debt won’t unravel as he sought to calm investor concern that German-led opposition could derail the agreement.
“The formal agreed position of the European Union is what was settled in June,” said Gilmore in an interview yesterday at Bloomberg’s headquarters office in New York. “That is the settled and agreed position and we have been progressing discussions with other member-states and with the European institutions on that basis and that is not changed by the statement that was issued.”