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German Chancellor Angela Merkel, left, walks by European Council President Herman Van Rompuy during a round table at the EU Summit in Brussels AP Photo/Geert Vanden Wijngaert

Gilmore says new eurozone deal is a 'game-changer' for Ireland

The Tánaiste has also said that it reduces the chances of Ireland needed a second bailout.

THE TÁINAISTE EAMON Gilmore has said the new eurozone deal greatly reduces the chances of Ireland needed a second bailout.

Gilmore was speaking in the wake of last night’s dramatic decision which came after 13 hours of meetings between EU leaders. The deal means that Spain’s banks can be bailed out directly from the European Stability Mechanism, and that the same measures can be applied retrospectively to Ireland.

The Tánaiste told Morning Ireland on RTÉ Radio One that the news “changes the game for us as far as bank debt is concerned”, and that the method of breaking that link can now be applied to Ireland.

He said that by next year Ireland will have a “massive level of debt for any country to bear”, but that this deal will make things easier for the Irish people and help to bring the debt to GDP ratio down.

Gilmore also said that he does believe the deal will be retrospectively applied, and said that it massively improves the chances of Ireland not needing a second bailout.

Enda Kenny has described the decision as a “seismic shift in European policy” and said that the debt burden on the Irish taxpayer can be re-engineered.

Explainer: What did the EU leaders agree overnight in Brussels?

Taoiseach: Irish debt burden on the tax-payer to be ‘re-engineered’>

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34 Comments
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    Mute FlopFlipU
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    Nov 6th 2013, 7:32 AM

    The government should pay for this coarse out of their massive wages to help the people they are abousing with their policies

    25
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    Mute GatheringYourMoney13
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    Nov 6th 2013, 11:14 AM

    Any chance of training up the bank managers as well.

    The following is not a some kid of sick joke.
    A person in deep mortgage distress from our area went into one of the “pillar banks” recently to discuss her mortgage.
    During the conversation,
    the senior bank official said this mortgage is “like a noose around your neck” on numerous occasions.

    18
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    Mute Jone Kelleher
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    Nov 6th 2013, 7:44 AM

    Is this course for the benefit of employees or employers? It might appeal to some people to be the mental health police and simultaneously get an ego-boost from “hey, I saved a life today”. Not to mention the handy hints on how to get your team back to full productivity if an unfortunate incident does take place.

    Employers are already tasked with ensuring that employees are respected in the workplace and can get on with their jobs with dignity. We know that many fail in this regard. We also know that taking an interest in people’s life outside work and being prepared to make allowances when some-one is under stress, is part of being human.

    A course of how eradicate workplace bullying, reduce employee stress and foster workplace relationships sound like a good idea but isn’t very headline-grabbing. Personally I find the idea of my employer watching my colleagues and me, weighing up our chances of suicide and stepping in only when they feel – in their entirely unqualified opinion -that lives are at stake, creepy.

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    Mute Marc Marcel
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    Nov 6th 2013, 11:13 AM

    you’re right Jone. strange, all thumbs down, they must condone bullying in work but its not ok for children to do it online, which is been widely broadcast these days. its almost like yea join the crowd and feel safe you’re not alone in supporting to stamp it out. never surprises me.

    what you talk about there is huge, goes on in many places espeically now was ‘they need to push production’ the balance out the profits. produce what? less are buying, so pack it in and perhaps work for other ‘ethically sound’ employers? they might treat you right and teach you how to run a business with manners.

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    Mute Marc Marcel
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    Nov 6th 2013, 11:21 AM

    i won’t say most, i’ll try to remain hopeful it does exist but most of the places i worked, they couldn’t give a **** about this article and only want to know ‘when will it be ready?’ ‘i wanted that yesterday’ spoken over your shoulder when you least expect it, an intimidating tactic, while behind you the workplace bully is doing their bit. Ha i had one where i worked, one day they were out, had to work off their computer, their browser history for the day before was all based around searching for help on ‘self esteem’. I felt well, ok, at least they’re trying to help themselves but it proved one thing, that there was a bully inside. It is one of the most common traits of a bully, that and denial. Monsters in the work place, halloween every day.

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    Mute angela gaffney
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    Nov 6th 2013, 7:44 AM

    Another day on the journal suicide abortion and misery …. Any good new folks we will all be depressed by association if we leave it to the journal

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    Mute John Campbell
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    Nov 6th 2013, 9:28 AM

    Angela, when you awoke this morning it was the beginning of another day when YOU can make the difference. Firstly the good news for yourself is that you are able to communicate , to think , to love,to change whatever is in your power to change. You can make someone happy today if you wish. Even a simple smile might help.
    You make the good news happen by being a decent human being. It costs nothing.

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    Mute angela gaffney
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    Nov 6th 2013, 9:57 AM

    I am a decent human being who just happens to think that all this negative news only adds misery to those who are not in the best of form John …

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    Mute Kerry Blake
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    Nov 6th 2013, 10:06 AM

    Suicide is what people are thinking about and hopefully talking about Angela that is why it is news as it has to be addressed. Maybe some of those not in the best of form will be grateful that there is some talk about this terrible problem today and see hope in it?

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    Mute Dylan Prendergast
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    Nov 6th 2013, 8:44 AM

    Too much nanny crap. I suppose one day others actions will all be our fault? I just would not go to a course like that. A person decides to commit suicide. Who am I to stop them? Why is it my business?

    4
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