April 18, 2011
Irish Prime Minister Enda Kenny said the nation won’t default on its debt as he tries to rebuild confidence at a time when investors speculate Greece may struggle to pay back its borrowings.
“The Greek government will obviously deal with this problem in the best way it can,” said Kenny, 59, in an interview with Andrea Catherwood on Bloomberg Television’s “Last Word” in London today. “We have no intention of defaulting. We’ve made that perfectly clear. We want to continue to pay our way.”
Irish, Greek and Portuguese bonds fell today amid mounting speculation Greece will have to restructure its debt. All three countries have sought bailouts from the European Union and International Monetary Fund, and Kenny’s government wants a reduction on the rate on its loans, which he has described as “too severe.”
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