German finance minister Wolfgang Schäuble.
We were too good.
Speaking in Luxembourg this lunch time on the fringes of an EU finance ministers’ meeting, the German finance minister said that retroactive direct recapitalisation for Ireland was “not probable”. “Ireland did what Ireland had to do… now everything is fine,” Mr Schauble said. His comments underline the growing sense in German circles that Ireland’s strong performance under the bailout has lessened its case for further debt relief on its €64 billion bank bailout.
Germany warns direct aid for banks is unlikely (Suzanne Lynch, Irish Times)
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