Taoiseach rules out refusing to pay back bonds

The Taoiseach has said any move by Ireland to renege on our debts woud be disasterous for our recovery.

The Taoiseach has said any move by Ireland to renege on our debts would be disastrous for our recovery.

Writing in the Irish Times today, Enda Kenny said failure to pay off our debts would cut us off from any further international loans and plunge us back into recession.