Tuesday April 7, 2020

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
2
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!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 3 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago