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Statement from Government spokesman regarding European Council meeting

The meeting of the European Council of today and yesterday reaffirmed the commitments made in the Euro Summit Statement of 29 June.

In that Statement European leaders agreed to enhance Ireland's debt sustainability, and also agreed to break the link between bank and sovereign debt. Those commitments stand.

We understand that Chancellor Merkel was asked a direct question about the recapitalisation of Spanish banks and she replied in that context.

We will continue to work with our partners on the implementation of what was agreed in June.