DUBLIN May 18 Irish Finance Minister Michael
Noonan said on Thursday he will step down when a replacement to
Prime Minister Enda Kenny is chosen next month, ending a six
year term in which he saw the dramatic recovery of the Irish
economy from a banking collapse.
The announcement came a day after Kenny announced he would
quit, kicking off a succession contest between two younger
ministers who colleagues hope will boost the party ahead of an
election due late next year.
Noonan, 73, oversaw Ireland's exit from a three-year
European Union-International Monetary Fund bailout and the
country has posted the fastest economic growth in the European
Union for the past three years.
"I do not wish to be considered for Cabinet by his
successor, whoever that may be," Noonan said in a statement. He
also said he will not stand for reelection as a member of
(Reporting by Conor Humphries Editing by Jeremy Gaunt.)