Bloomberg News

Germany Doesn’t See ‘Big Need’ for Irish Bailout Changes

June 05, 2012

Germany doesn’t see a “big need” for changes in Ireland’s bailout program, a finance ministry spokesman said.

Ireland’s program “is working in exemplary fashion and very successfully,’ German Finance Ministry spokesman Martin Kotthaus told reporters yesterday in Berlin. ‘‘On that score, one always has to ask what it means when you change something. Which signals does that send -- are these more positive or more negative signals? With that in mind, I currently don’t see a big need for movement.”

Ireland’s Prime Minister Enda Kenny said last week that he would continue to pursue a better deal on Irish bank debt after voters backed the European Union’s fiscal treaty. Ireland injected about 62 billion euros into its financial system aftrer it came close to collapse, and was forced to seek a bailout in 2010.

To contact the editor responsible for this story: Dara Doyle at

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