NEW: Ireland's Minister for Finance Paschal Donohoe has hinted that Ireland could support an overhaul of the global corporate tax system within months, despite currently being one of a handful of countries which oppose the current proposals.
2/ Speaking after a eurogroup meeting with the US Treasury Secretary Janet Yellen in Brussels, Mr Donohoe, who is president of the eurogroup, said: "It is in the interests of stability and in the interests of the principles we talked about today with Secretary Yellen...
3/ ...that an agreement is reached and I’m going to play my part to see if Ireland can be part of it, and if we can support it later on in the year.
4/ "I want to equally emphasise the commitment I have to working very hard across the coming wks and mths to see if an agreement is possible,
5/ "...because while the challenges of an agreement are apparent at the moment, equally the challenges of an agreement not being in place are equally real."

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More from @tconnellyRTE

12 Jul
Ireland's Minister for Foreign Affairs @simoncoveney has urged the UK not to take unilateral action on the Northern Ireland Protocol in the coming weeks.

London is expected to present new proposals on the Protocol to the House of Commons before July 22.
2/ Speaking in Brussels, Mr Coveney said he expected that the Taoiseach @MichealMartinTD and @BorisJohnson would speak by phone before the new proposals are delivered in Westminster.
3/ Asked if he expected the UK to inform the Irish government in advance, Mr Coveney said: “I hope they will. We'll have to wait and see. There will be a converstation between the Taoieach and Prime Minister in the next week or so...
Read 7 tweets
9 Jul
NEW: @DavidGHFrost, asked wd he support a joint EU UK investment conference to showcase NI's access to both markets, says "anything we can do to further investment into NI we will look at, and can work with the Commission, we will have our own plans, but the more the merrier"
2/ Lord Frost hedges when asked what the threshold would be on diversion of trade to trigger Article 16:
3/ "It’s not possible to give a trigger threshold. Article 16 is quite an unusual provision, there isn’t a great deal of international jurisprudence on the issue to say when there’s a problem.
Read 4 tweets
8 Jul
NEW: The UK is liable to pay €47.5 billion to the EU as part of its post-Brexit financial settlement, @rtenews has learned.

The figures are contained in the EU’s consolidated budget report for 2020.
2/ The report states that the UK owes the EU €47.456 billion under a series of articles which both sides agreed as part of the Brexit Withdrawal Agreement.
3/ The issue of what Britain would owe the EU after Brexit has been highly controversial, with eurosceptics claiming that the UK would not have to pay it if there was no deal on either the Withdrawal Agreement or the future relationship treaty.
Read 19 tweets
8 Jul
David Frost tells @Policy_Exchange the Protocol was negotiated in October 2019 "in extraordinary circumstances". Says the EU flexibilities announced last week "are not at the heart of the problem"
Says "we can't operate" the Irish Sea controls if the EU treats it as any third country border
Lewis says the problems of the Protocol affect the "whole community", it can only work if the whole community accepts it
Read 4 tweets
8 Jul
.@DavidGHFrost says a zero-risk approach is privileging one community over another, trade patterns are changing, supply chains are being diverted, says its the UK's primary responsibility to protect all dimensions of the GFA.
2/ Frost says "we need to find a new balance in the way this works, that needs to be taken seriously...

"If operating the protocol is making the situation worse how can pressing for even more of it be the right response?
3/ "The current situation is not consistent with the careful balance of the GFA. That political reality has got to be dealt with. The govt can’t ignore that reality and stand by if things get more tense and difficult.
Read 6 tweets
2 Jul
EU accredited journalists are now being shown a long video by the Slovenian prime minister @JJansaSDS alleging brutality against journalists by the left over the years, and railing against "activist" journalists who go on to become social democrat politicians.
2/ This has to be the weirdest moment in the history of press trips coinciding with the launch of a rotating EU presidency
3/ The context is that Mr Jansa has been accused of launching personal attacks on journalists via his Twitter account.
Read 6 tweets

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