Kenny rejects call to cancel bailout

PULLING out of the bailout deal would deliver a “lethal injection” to the Irish economy, the Taoiseach has warned.

Enda Kenny delivered the stark warning as he appealed to EU partners to lower the interest rate on the country’s “heavy debt burden”.

The move came as it looked more likely a second rescue package will be needed for Greece, whose credit rating descended even further into junk with ratings agency Standard and Poor’s.