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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say