Yipeeeeee
- Confident of meeting 8.6% deficit target in 2012
- Expects marginal markdown in growth forecast for 2013
- Growth mark down will not effect fiscal targets
- Aims to have 17 bln euros in place to have funding buffer when exits EU-IMF programme
- Irish debt agency will aim to secure the 17 bln euros funding buffer, not looking for second bailout
- Existence of OMT programme should cut 200 basis points from Ireland’s funding costs
- Could return to bond markets without bank debt deal in current circumstances, deal would improve sustainability
- Will without question be able to return to bond markets when bailout ends, question is at what rate
Reuters reporting.
