Noonan rules out seeking second bailout for Ireland

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http://www.irishtimes.com/newspaper/breaking/2011/0530/breaking6.html

Minister for Finance Michael Noonan said he is hopeful the State will be back in the bond markets "in some small way" by end of 2012 despite an apparent suggestion to the contrary by Minister for Transport Leo Varadkar.

Speaking at a meeting of the Mid West Society of Chartered Accountants in Limerick today, Mr Noonan said categorically there will be “absolutely” no second bail out for Ireland next year.

He said the Government would continue to act in accordance with the advice from the National Treasury Management Agency on this. Mr Noonan, was reacting to comments made by Mr Varadkar, who speculated the State may need a second bail out next year.

Mr Varadkar also said over the weekend he believed it was unlikely Ireland would be back in the bond markets next year.