Irish Government Talks May Drag into Next Week, Lawmaker Says

Ireland’s Enda Kenny may have to wait another week before being confirmed as premier for a second term, as talks with independent lawmakers continue.

While Kenny’s Fine Gael and Fianna Fail, the biggest opposition party, last week reached an accord paving the way for him to lead a minority government, he still needs the backing of a number of independent lawmakers.

In remarks broadcast by RTE on Tuesday in Dublin, Noel Grealish, a non-aligned lawmaker, said he “doubted” a deal would be reached by Thursday.

Kenny has lost three votes to be prime minister since his coalition was routed in February’s election. Still, with Kenny almost certain to be remain in place, investors have thus far remained relaxed about the political stalemate. Ten-year Irish bonds yielded 0.94 percent on Monday, narrowing the spread between benchmark bonds and German securities of a similar maturity to 69 basis points.

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