A government Minister says a deal on Ireland's bank debt is unlikely before September.
The coalition is hoping to use Europe's permanent bailout pot, the European Stability Mechanism, to recoup the billions of euro of taxpayers' money put into Bank of Ireland, AIB and Permanent TSB.
This week, ECB head Mario Draghi signalled support for a deal on Ireland's bank debt.
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But Junior Finance Minister Brian Hayes told Newstalk's The Sunday Show that we should not expect to see one materialise until after Germany's General Election.
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