Re: 20th EU Crisis Summit - Solutions or more Fudge ?
Ireland will be responsible for any loans paid out to our banks from the ESM and attached MOU to be fulfilled.
The BIG "deal" for Governments will be that this debt will be removed from their balance sheets on to the ESM but that is it, absolutely no break in the banking debt burden here for the Irish people themselves. I believe that there may well be a deal on extending Anglo PN's.
Meanwhile back in Germany -
#Germany's SPD has asked for a special meeting of Bundestag's Budget Committee following #euco. ~@handelsblatt
Thomas Jefferson : Banking Establishments are More Dangerous to our Liberties than Standing Armies.