BERLIN (MNI) – Germany has no doubts that the Irish government will
continue on its program of fiscal austerity to get its public deficits
under control again, a Finance Ministry spokesman said Friday.
“The Irish government has repeatedly, and only today again, made
clear that it sees no need to tap in the European rescue fund,” ministry
spokesman Martin Kreienbaum said at a regular government press
conference here.
The Irish government “has reaffirmed its ambition to
continue on the consolidation path and the [German] federal
government has not the slightest reason to doubt that,” he explained.
“On this occasion I want to point out again that to our knowledge
Ireland will need to refinance itself on markets again only in
mid-2011,” the spokesman said.
Kreienbaum again underlined that German plans for private-sector
involvement in a future permanent EU crisis resolution mechanism do
not apply to any current outstanding government debt but only to those
bonds issued after the current rescue funds run out in 2013.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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