Sign up to The Irish Times Archive (1859 - 2008)My Account »
Thu 04 Apr 2009Mixed response to message of good still in economy
“NO BAILOUTS required” was Minister for Finance Brian Lenihan’s message to the global financial markets yesterday, in a bid to convince all-important bond investors that they could do business with Ireland and still sleep easy.
Mr Lenihan told Bloomberg television yesterday that there were still “good elements” in the economy and that it would continue doing “real heavy lifting” on expenditure in an effort to resolve the crisis in public finances. Outside help was not on the agenda. However, uncertainty over the “bad bank” strategy continued to weigh heavily on sentiment towards Ireland in the financial markets yesterday.
Choose a Subscription type - required
