Friday, June 1, 2012

Reuters: Financial Services and Real Estate: Irish PM says needs bank deal after EU treaty vote

Reuters: Financial Services and Real Estate
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Irish PM says needs bank deal after EU treaty vote
Jun 1st 2012, 15:36

DUBLIN, June 1 | Fri Jun 1, 2012 11:36am EDT

DUBLIN, June 1 (Reuters) - Europe's banking sector needs to be comprehensively fixed and any solution must include a deal on Ireland's banking debt, the prime minister said on Friday after voters strongly backed the European Union's new fiscal treaty.

"The developing situation in Europe's banking sectors needs a comprehensive solution and Ireland's banking debt must form part of that solution," Enda Kenny told a news conference.

Ireland has been pursuing a months-long campaign to refinance 30 billion euros ($37.09 billion) of bank debt and Deputy Prime Minister Eamon Gilmore added that Ireland now needed a long-term deal on that debt that was workable.

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