Noonan: No need for second bailout26/04/2012 - 13:03:19
Finance Minister Michael Noonan said today that he believes Ireland will not need a second bailout.
Minister Noonan said that a 'Yes' vote in the EU Treaty referendum is essential to us getting back on the markets because it would give us access to the ESM fund which the markets need as back-up.
"It's not so much that I think we need a second bailout, I actually don't think we do" he said.
"I think we'll get back into the markets and we'll access market funding.
"One of the things that will assist us very strongly is the fact that there's a back-stop.
"If the markets know we can access funds from the ESM, then we have a much better chance of getting into the markets than if we didn't have the backstop."
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