Noonan: Ireland 'could be suspended from bond markets'

Ireland is continuing to deny it is seeking a European Union bailout for its debt crisis - although it has acknowledged it has spoken to other governments about how to tackle the crisis.

Another stringent budget goes before the Irish parliament next month but it is not clear whether it will muster enough support to get passed, making a general election likely.

The finance spokesman for the opposition party, Fine Gael, Michael Noonan told the BBC that he believes the Irish government was resisting offers of assistance because it feared losing control of the economy.

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