Euro interest on a shoestring for Ireland?
Image: Howard Lake via Flickr
A FEW DAYS after Finance Minister Brian Lenihan said the interest rate Ireland must pay on its EU/IMF bailout money cannot be renegotiated, it is being reported that it may well be reduced.
Arthur Beesley, European Correspondent for The Irish Times, is today reporting that one topic on the agenda for a meeting of euro zone finance ministers next week is the possible reduction to the 5.7 per cent interest rate on the loan to Ireland.
A euro zone source, however, said that it will be discussed as part of an overview of the Irish and Greek bailouts.
Read Arthur Beesley in The Irish Times for more details here >
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