Central Bank deputy issues warning on bailout exit
Stefan Gerlach.
The Central Bank has warned that Ireland's efforts to exit the bailout programme could be hampered by the prospect of a sharp slowdown in economic growth or a rise in mortgage arrears.
In a speech in Berlin, the deputy Governor of the Bank Stefan Gerlach called for a deal on Ireland's banking debt to help the country exit the bailout deal.
He said a slippage in growth or an unexpected rise in public debt could complicate Ireland's efforts to make a full return to the markets.
His comments come as the National Treasury Management Agency announced plans to sell a further €500m this week.
Ireland's cost of borrowing has halved in the past year because of improved sentiment towards the country, and the promise of an EU bank debt deal.
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