Germany says Ireland mustn’t use savings to finance tax cuts

So says Merkel’s party co-hort Barthle

• Merkel bloc supports early IMF repayment from Ireland
• early Irish repayment not a disadvantage for Germany
• Germany will “closely monitor” Irish tax policy

EURUSD still on the back foot at 1.2657 after capping at 1.2685 earlier

Merkel says ” Let’s hear for it for Ireland”