Taoiseach welcomes 'precautionary' bailout funds
The Taoiseach has welcomed confirmation that Ireland will be offered a precautionary second bailout.
It is being reported that Ireland could be offered up to €10bn as a precaution in the event the government cannot borrow from investors.
Enda Kenny said there has been no discussion the final details of exactly how much will be offered to Ireland to help it escape the EU-IMF programme.
"We haven't discussed the extent of any figure in regard to a bailout - Minister Noonan would have referred to what the potential deficit for next year is," he told reporters earlier on the Finance Minister's comments on the issue.
"But I welcome the fact that [Eurogroup Chief] Mr Dijsellbloem has indicated quite clearly that Ireland will receive assistance that we might never have to use."
The Taoiseach said the plan was to never use the second fund, but have it as a precaution only.
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