Second troika bailout not on the cards, says Kenny

Taoiseach Enda Kenny said that Ireland has no intention of asking for a second bailout, and wants to be the first country to exit its programme.

Investors switched about 30% of government debt, due in 2014, for a new note maturing in 2015, marking the National Treasury Management Agency’s most significant move since bond auctions were suspended in September 2010 and the nation sought a rescue.

“We would expect to be out of the programme by the end of 2013,” Mr Kenny said in a Bloomberg television interview at the World Economic Forum meeting in Davos, Switzerland, yesterday.