Frankfurt, Brussels compounded debt errors - Kenny

Written By Unknown on Senin, 11 Maret 2013 | 22.40

Taoiseach Enda Kenny has said the actions of Frankfurt and Brussels over Ireland's banking debt compounded the errors of the previous Fianna Fáil government.

Speaking at the Mansion House in the heart of London's financial district, Mr Kenny said the €64bn cost of bailing out the banks had imposed a uniquely onerous burden on the Irish public.

Had it not been levied our debt levels would be below the eurozone average, he said.

He said having the Irish public shoulder that burden was primarily the responsibility of the previous government.

Mr Kenny added that when continuation of that policy became in effect a condition of our bailout programme, Frankfurt and Brussels compounded that error.

His remarks represent a stepping up of the campaign to persuade the EU and the ECB to step in and retrospectively take up some of that debt burden.

This afternoon, Mr Kenny gave a key-note speech at the London School of Economics.

Later he is to hold a bilateral meeting with British Prime Minister David Cameron in Downing Street.

His meeting with Mr Cameron will be the first opportunity for the two leaders to review progress on a pledge last year to improve relations in a range of areas.

Mr Kenny will also be attempting to gauge the attitude of Mr Cameron to the UK's future in the European Union.

Afterwards, Mr Kenny and Mr Cameron are to travel the short distance together to Westminster, where they will attend a joint British-Irish Tourism event.


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