Newspaper article The Observer (Gladstone, Australia)

Bailout Seals Stormont Deal

Newspaper article The Observer (Gladstone, Australia)

Bailout Seals Stormont Deal

Article excerpt

POLITICIANS in Northern Ireland hailed a small but significant breakthrough following 11 weeks of talks and more than a year of bad-tempered impasse.

While a number of thorny issues remain unresolved, the talks at Stormont led by the London and Dublin governments found agreement on financial matters and other issues which have produced deep and often bitter divisions among political parties.

The hope is this will provide stability to a political system which has been steadily losing credibility.

Local parties had sought more money from London, with Sinn Fein emphasising it that it would not enact ''Tory cuts''. But a new proposal from David Cameron, offering Belfast a reported A[pounds sterling]1.5billion (about $2.9billion), found favour.

The prime minister said he was delighted a workable agreement had been reached, while Irish PM Enda Kenny declared he was pleased with the outcome.

The deal was also welcomed by the Democratic Unionists (DUP) and Sinn Fein, the two parties that dominate the Belfast Assembly. …

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