- Believes ECB ‘OMT’ will be available to Ireland, but unlikely to used before end of bailout
- Ireland will return to bond markets without ‘OMT’ if Europe delivers deal on Irish bank legacy debt, but this has yet to be discussed with European partners
- No longer a priority for Ireland to secure ECB medium term funding for Irish bank
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Irish Fin Min: Undecided whether to seek use of long term govt bonds, or ESM/EFSF to replace promissory notes
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