Bloomberg News

Kenny Says Confident of Progress to Reduce Bank Bailout Costs

December 13, 2011

Dec. 13 (Bloomberg) -- Irish Prime Minister Enda Kenny said he is confident of reaching an agreement with European leaders on a plan to reduce the country’s bill for bailing out its banks after last week’s European summit.

“I asked at the council meeting that facilities that now exist, for example through the EFSF, would made be available to assist in making this burden more manageable,” Kenny told lawmakers in Dublin today. “Colleagues gave a receptive hearing and together with the minister of finance I intend to pursue the issue in the period ahead. I am confident that we will be able to make positive progress in a way that makes a real difference for our country.”

To contact the editor responsible for this story: Finbarr Flynn at fflynn3@bloomberg.net


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