The DOF gets a bit of spin out. Not much of a response, it has to be said.
However, Ireland sees "no cause for concern" in the statement issued by German, Dutch and Finnish finance ministers following their three-way meeting in Helsinki, while technical work on securing a retrospective deal on Ireland's bank-rescue costs continue, the Irish Finance Ministry said.
"We welcome their ideas on how to give effect to the decision of euro-zone leaders that the ESM should have the capacity to recapitalize banks directly, following the establishment of an effective single supervisory mechanism," the spokesman said. "These ideas will feed into our discussions in the euro group and at heads of state level over the coming months."
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