Kenny Says Bank Deal Needed for Bond Sales, Independent Reports
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.
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