No intention of having second bailout, says Kenny

Interviewed in Davos yesterday, the Taoiseach proclaims the bond switch this week as a sign of confidence and declares no intention of having a second bailout.

27th January, 2012
No intention of having second bailout, says Kenny
Enda Kenny during Bloomberg TV interview, Davos

Enda Kenny said this week's €3.5 billion-euro bond switch was a “sign of confidence” from investors as the government seeks to return to international credit markets and exit its bailout program by the end of 2013.

Investors switched about 30 percent of government debt due in 2014 for a new note maturing in 2015, marking the most significant move since bond auctions were suspended in September 2010.

“We would expect to be out of the programme by the...

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