The Irish government has suddenly complicated the picture by requesting debt relief from other EU members as a reward for upholding the integrity of the EU financial system after the Lehman crisis, though there is no explicit linkage between the two issues.
"We carried an undue burden for protecting the European banking system from contagion," said finance minister Michael Noonan.
"We are looking at ways to reduce the debt. We would like to see our European colleagues address this in a positive manner. Wherever there is a reckless borrower, there is also a reckless lender," he said, alluding to German, French, British and Dutch banks.
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