Responding to reports that the ECB had rejected Ireland’s proposal for a longer repayment schedule, Mr Varakdar disputed this was the case.
“There was no rejection. There was no breakdown. There are issues that need to be changed. And issues that need to be agreed on,” he said on RTÉ’s The Week in Politics.
Setting out the nature of the talks, he said: “There is agreement in a lot of areas, but there are a number of issues outstanding and some of those issues are very difficult . . . We need to work on them but we are still very hopeful of getting a resolution.”
The ECB told The Irish Times yesterday that it was “premature” to refer to any outcome and that talks on this issue were ongoing.
All righty, then. Or not.
Ministers concede difficulties with ECB over deal on promissory notes (Harry McGee, Suzanne Lynch, Tom Hennigan, Irish Times)
(Sam Boal/Photocall Ireland)