No second Irish bailout needed, says Central Bank boss

Stefan Gerlach, deputy governor of the Irish Central Bank, said he didn’t see the nation needing a second bailout.

28th September, 2012

Stefan Gerlach, deputy governor of the Irish Central Bank, said he didn’t see the nation needing a second bailout.

“I think the government will not have a problem going back into the market,” he told reporters in Dublin.

He said with an economy growing at 2 or 3 per cent, with 2 per cent inflation, a bond yield of 5 per cent is “probably reasonable” over the next couple of decades.

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