Thursday September 24, 2020

Noonan: Ireland was not threatened by EU over bondholders

Finance minister Michael Noonan said while no threat was ever made by Europe to him to withdraw aid to the country should it fail to pay senior bank bondholders, the country is reliant on external aid.

15th November, 2011

Finance minister Michael Noonan has told the Dáil that while no threat was ever made by Europe to him to withdraw aid to the country should it fail to pay senior bank bondholders, the country is reliant on external aid.

Ireland has funding for two years but that the aim is still to return to the market sometime next year, he said. The NTMA will test the market before 2013, he said. Nevertheless,...

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