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Enda Kenny to address the nation b4 budget day!!

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  • 02-11-2011 10:49pm
    #1
    Closed Accounts Posts: 232 ✭✭


    http://www.rte.ie/news/2011/1102/economy.html

    Edna has pledged to address the nation and lay the cards on the table

    can we trust him?

    "Taoiseach Enda Kenny has told the Fine Gael Parliamentary Party that he intends to address the nation between now and Budget day to set out the fiscal and economic position the country finds itself in.
    He made the announcement in the course of a 15-minute speech to TDs and Senators in which he focussed on the debt crisis and the threat it poses to this country.
    Meanwhile, the European bailout fund has confirmed to RTÉ News that it has postponed a plan to sell €3bn worth of Irish Government bonds.
    A spokesman for the Luxembourg-based European Financial Stability Facility said the delay was due to "market conditions" - a reference to the financial turmoil triggered by the Greek referendum.
    Asked when the bond auction might take place, the spokesman said it would be "not too long" but could not be more specific.
    The postponed sale of Government bonds was due to be the first since the EFSF secured additional powers from EU leaders in July, which were then ratified by eurozone parliaments.
    The Deputy CEO of the EFSF had been commenting recently that the auction was about "building demand".
    Market rumours suggest the EFSF will attempt to reorganise the bond auction for two weeks' time.
    Speaking on RTÉ's Morning Ireland earlier, Minister for Finance Michael Noonan said Ireland has to ensure it has no association with the situation in Greece and has more in common with northern European economies.
    Minister Noonan said the Greek decision to hold a referendum on the bailout had been unexpected, but said the possibility of bringing the referendum forward to December may be hopeful news.
    The Taoiseach has also said Ireland cannot follow Greece into debt default as it would be disastrous for our recovery.
    In an opinion piece in today's Irish Times, Mr Kenny said default would mark Ireland out as a country that "won't" rather than "can't" pay our debts."


Comments

  • Registered Users Posts: 18,159 ✭✭✭✭phasers


    Summary of Enda's speech:

    "Bend over and take it like a man."


This discussion has been closed.
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