Ireland is to get a reduction in the loan rate from the EU/IMF bailout package of approximitly 1% according to BBC news.
This reduction would be worth over €400 million to Ireland over the duration of the loan. It comes after lobbying from the Irish government since the recent elections. It should strengthen Enda Kenney's position and allow him to claim that he is fulfilling the promises he made in the build up to the elections that he would re-negotiate the loan rate.
This reduction would be worth over €400 million to Ireland over the duration of the loan. It comes after lobbying from the Irish government since the recent elections. It should strengthen Enda Kenney's position and allow him to claim that he is fulfilling the promises he made in the build up to the elections that he would re-negotiate the loan rate.
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