Kenny: Treaty change will not aid markets

ENDA KENNY has told German Chancellor Angela Merkel that changing the EU treaty will not solve the problem of markets abandoning the euro, and that the time had come to turn to the ECB.

He also expressed hope that Ireland will return to the bond markets by the end of 2012.

He spoke at a sometimes tetchy press conference after their hour-long meeting. “You need to deal with this crisis with the tools we have now,” he told her, warning contagion was a real issue for a small country such as Ireland.