[Reuters] INTERVIEW-No chance of private sector haircut on Irish debt-NTMA
By Carmel Crimmins DUBLIN, July 21 (Reuters) - Ireland does not need or want private investors to swallow losses on Irish debt as it would make it more difficult for Dublin to return to markets next year, the head of the country's debt management agency said on Thursday. "Ireland doesn't need and is not suggesting that there be any private sector involvement in the Irish solution," John Corrigan, the chief executive of the National Treasury Management Agency (NTMA), told Reuters. "Any such involvement, would be an extremely risky path to go down." "Any such suggestion would result in a permanent elevation in our borrowing costs." Euro zone leaders are expected to agree a common position later on Thursday on a second bailout for Greece that seeks to involve a contribution by private sector investors. [ID:nL6E7IK2VL] Speculation has risen that Ireland will need a second bailout when its existing 85 billion euros rescue package from the EU and the IMF runs out in 2013 but Corrigan remains confident Dublin will be able to meet its funding needs from the markets. The NTMA is planning to issue treasury bills in the third quarter of 2012 before issuing bonds, likely in 2013.