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THE PRESIDENT OF the European Council has appeared to back Ireland’s push for a cut on the interest rate it pays on its European Union/International Monetary Fund bailout.
Herman Van Rompuy was speaking to reporters at a rain-soaked press conference following bilateral discussions with Taoiseach Enda Kenny in Dublin today.
He said “we need a deal” in relation to Ireland’s push for an interest rate reduction, RTÉ reports.
Getting a deal has proved more difficult to achieve then was first anticipated by the current government with talk of a one per cent cut on the 5.8 per cent Ireland pays on the bailout being downgraded to a possible cut of 0.6 per cent.
Discussions between the Taoiseach and the former Belgian prime minister – on his first trip to Ireland – have focused on the issues on the agenda of the June European Council next week as well as other economic issues.
Van Rompuy is due to meet president Mary McAleese at Áras an Uachtaráin later today as well as address the Institute of International and European Affairs, and visit Trinity College in Dublin.
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Good news, hopefully Sarkosy will be put in his place!
If France is the only thing standing the way, surely pressure can be brought to bear in some manner?? Saying we need a deal is one thing – just do it!
“A deal” – meaning, “you raise your corporate tax rate by 10%, and we’ll cut your interest rate by 0.6%”? That isn’t new.
The corporate tax rate is more important than the interest rate over the longer term. Pardon my language, but frankly, Sarkozy can go **** himself.
Exactly, Sarkozy should face reality and fall in line
Ireland holds all the cards. The balance of the Eurozone is in our favour. We need a Government with balls that tells, not asks. Either they give us a favourable rate, that allows us sustainable levels of debt (which is almost impossible at this stage anyway), or we default and shit on pictures of Sarkozy and set it as our facebook profile pic.
That half-pint, self absorbed prick is pushing it. You hear that Sarkozy? You’re only a little bollocks. Feck right off!
A non-commital statement from a pretend president – that’s wonderful news.
Belgium doesn’t actually have a government at the moment but is president of the EU.
Only in the EU.
The interest rate is a red herring promise by FG anyway.
It saves us very little really if we get the reduction. What we need is a magic solution that doesn’t exist to create about 400,000 jobs over night. Its a good way to take attention away from that big black hole we are in though.
have your say