Belfast Telegraph

Republic of Ireland 'should threaten EU'

Global banking giant Citigroup's top economist says the Republic should "play hardball" by threatening to veto any European banking deal that does not include recouping the cost of its bank bailouts from the eurozone's rescue fund.

"The country should be prepared to risk short term unpopularity in Europe for the long term economic gains of winning back €30bn to €60bn for taxpayers," Citi's chief economist Willem Buiter said.

Reasoned arguments have not been enough to win the kind of deal Ireland "deserves" on bank recapitalisations, he said.

Belfast Telegraph