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14/09/2012
Noonan Begins Meetings With Eurozone Finance Ministers
Minister for Finance Michael Noonan has met with eurozone finance ministers at an informal meeting in Cyprus to present Ireland’s case for a reduction in its banking debt.
Jean Claude Juncker, president of the group, congratulated the Government for the progress it has made in implementing the EU-IMF programme.
However, he would only say that a debt-reduction deal would be discussed again in upcoming meetings.
Mr Noonan is making both a formal presentation on the mechanics of a deal and holding one-to-one meetings with his colleagues on the margins of the meeting.
A deal is not expected to be agreed today, but with discussions advancing, the meetings are seen as a crucial opportunity to influence opinion.
At a news conference, both the eurozone finance ministers and the International Monetary Fund praised Ireland for implementing the terms of the bailout.
EU Commission Vice President Olli Rehn said the quality of the outcome of negotiations is more important than the schedule.
(H)
Jean Claude Juncker, president of the group, congratulated the Government for the progress it has made in implementing the EU-IMF programme.
However, he would only say that a debt-reduction deal would be discussed again in upcoming meetings.
Mr Noonan is making both a formal presentation on the mechanics of a deal and holding one-to-one meetings with his colleagues on the margins of the meeting.
A deal is not expected to be agreed today, but with discussions advancing, the meetings are seen as a crucial opportunity to influence opinion.
At a news conference, both the eurozone finance ministers and the International Monetary Fund praised Ireland for implementing the terms of the bailout.
EU Commission Vice President Olli Rehn said the quality of the outcome of negotiations is more important than the schedule.
(H)
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