The Taoiseach says the conditions imposed on Ireland after it applied for financial aid were unfair.

Enda Kenny was speaking in Davos where he addressed the World Economic Forum.

The Taoiseach has told world leaders that Ireland cannot exit the bailout programme this year if EU leaders do not follow through on their commitments on the Anglo promissory notes and separating sovereign debt from bank debt.

Speaking as part of a panel discussion in Davos, Mr. Kenny said Irish people have waited a long time for a conclusion to the 2 issues whilst under the ''crushing burden'' of the bailout programme.

Talks on renegotiating the terms of the repayment of the Anglo Irish Bank promissory note are continuing ahead of the next installment deadline in March.

Support for bailout extension

Meanwhile the EU Economic and Monetary Affairs Commissioner has said he backs the idea of granting an extension to Irish bailout loans.

Speaking in Brussels earlier this week Olli Rehn said it is favourable because it will facilitate a successful return to market financing for Ireland which is in the profound interest of the whole European Union.

He also said he backs similar proposals for Portugal.

"We are in principle favourable to this objective because it will facilitate a successful return to market financing for Ireland and Portugal, which is in the profound interest of both of these countries as well as of the whole European Union" he said.

Ireland became the second country after Greece to ask for such financial help after the financial crash of 2008.

In November Greece was also granted a 2-year bailout extension and also a cut in the interest rate on its loans

The Taoiseach says as we did not receive the same deal as Greece the Irish borrowing terms were not fair.

He told CNBC that new systems available to other countries should now be applied to Ireland.