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Irish PM hopes for tentative bond market return in 2013

Thursday, January 12, 2012 - 03:00

Ireland will make a tentative return to the bond markets in 2013 and is confident it can emerge from the bailout, according to its Prime Minister, Enda Kenny.

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From that -- talk about your own bailout the IMAX. Has described the prospects of a successful conclusion this fragile. First part of my question is that that second -- Will you be able to return to the debt markets. Next -- twenties it. Well the IMF have been I've been very supportive of Ireland's position here. I think it's I think it's in an important for people to understand. What a bill program actually means. Music you've lost your sovereignty to the extent that you cannot decide for yourself up for the joint follow. Is effectively the -- must return of the troika is in the car. So covenants of countries and bit of programs kind of unilaterally decide. Two follow particular programs because the funding. Given to the government -- -- services. Will not become available if the times -- the attractive enough match. So that means that in another situation as a country in a bit -- program we have to. The constantly vigilant of being able to stick with no proven so that we can get out of the program. We want to get back to the bond markets is with his boss. Our programs for the next two years and we would like to see tentative. We've told the markets in some form or. By the end but the end of next year. The point is that we would like to be able to say in the European cents. As a European process. -- you can project. That countries in the they'll program. Once you have makes his decisions with the assistance from the IMF and ECB. This is like he's made some improvements there. That a country can emerge from the -- situation but that requires the patience and understanding of people. This politics is always vote -- at the end of the day many of all people face serious challenges in the normal course of their lives now. But they understand. This problem would not go away. It would not rectify itself. And that'll only be rectified. By government decisions taken the best interest of the people in the country. And that requires continuous support. Until we reach a point we can get back to him -- -- success for the IMS description of I was position of fraudulent any contradiction in a situation. He's an affectionate. We offer something different that the people who give us unique sense of stability politically. -- very strong majority. In -- parliament to actually implement -- program for government of them children that. What obviously it's not the case you want the and the second point is that -- it was like to talk of those bond markets it is possible. Demonstrators. With continued assistance -- support from where -- -- colleagues that Ireland as a country in aid program can emerge from the -- and -- to force countries to do so.

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Irish PM hopes for tentative bond market return in 2013

Thursday, January 12, 2012 - 03:00