Noonan rules out second bailout

Noonan rules out second bailout

The Finance Minister Michael Noonan has categorically ruled out a second EU/IMF bailout for Ireland.

Mr Noonan said he hopes Ireland will be back borrowing from the bond markets by the end of 2012, but it may be in a "small way".

He was responding to remarks by Minister Leo Varadkar who suggested Ireland may need a second bailout if the Government cannot return to the bond markets next year.

Minister Noonan said his Cabinet colleague should not be reprimanded and what he said was reasonable from the perspective of funding for infrastructural projects.

The Finance Minister said the Government still intends on returning to the markets in 2012, but things could change between now and then.

More on this topic

Ming: At least Greece are asking for debt measuresMing: At least Greece are asking for debt measures

Noonan talks tough as he demands ECB attends banking inquiryNoonan talks tough as he demands ECB attends banking inquiry

Draghi: Ireland's bailout decision 'not that stupid'Draghi: Ireland's bailout decision 'not that stupid'

FF: Trichet letters show Government was left with no choiceFF: Trichet letters show Government was left with no choice

More in this Section

The Lotto numbers are in...The Lotto numbers are in...

Patients Association criticises €250 charge for Covid-19 testPatients Association criticises €250 charge for Covid-19 test

State has failed to honour commitment to victims of sexual abuse in primary schools, says Louise O'KeeffeState has failed to honour commitment to victims of sexual abuse in primary schools, says Louise O'Keeffe

Toddler and father missing from Co Roscommon believed to have travelled to DublinToddler and father missing from Co Roscommon believed to have travelled to Dublin


Lifestyle

Cross rope bridges strung across the Atlantic or visit reimagining of time gone by; whatever you fancy doing, you’ll find it in Ulster.Staycations 2020: Take your pick from these great things to do in Ulster

I can’t eat anything without chilli flakes stuffed into itShape I'm In: Novelis Emma Murray

Peter Dowdall has advice on caring for these perennial favouritesLook after your peonies and they'll brighten your garden

A routine smear test picked up Eileen Rushe's cancer when she was in her early 30s. It was a long road to recovery, says Arlene Harris.In check: Why every woman must get a cervical screening test

More From The Irish Examiner