Noonan 'can't rule out second bailout'

on 08/02/2013 09:59:57

The Minister for Finance says he can't rule out a second bailout for Ireland, but the market reaction to the deal on the Anglo promissory notes yesterday are a good indication that they will lend to us again.

Michael Noonan says we are not out of the woods yet following the events of yesterday.

But he says a deal on our legacy debt may not be reached until early next year and Ireland is still spending more than it takes in.

Minister Noonan says a second bailout is not completely off the table: "You can never say never. We are a small country in a big troubled world. Events elsewhere could prevent us, but we are doing all we can in our own country to esnure we are building a sound economy again and we will get out of the bailout."