Bloomberg News

Kenny Says Bank Deal Needed for Bond Sales, Independent Reports

June 24, 2012

Irish Prime Minister Enda Kenny told fellow European leaders that the country needs a “just” solution for its bank-bailout costs in order to return to international bond markets as planned next year, as planned, the Sunday Independent reported, without citing anyone.

Kenny said in correspondence with U.K. Prime Minister David Cameron that Ireland has had “painful” experiences of burdening taxpayers with the cost of rescuing the country’s banks, the newspaper said. Ireland has injected about 63 billion euros ($79 billion) into its banks over the past three years, following the collapse of a domestic real-estate bubble.

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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