Friday 2 December 2016

Germany backs Ireland’s call for 1pc interest rate cut

Independent.ie reporters

Published 20/06/2011 | 16:05

Ireland has received the backing of Germany for a 1pc rate cut on the EU portion of the €67.5bn bailout loans.

  • Go To

Tanaiste Eamon Gilmore held talks with German foreign minister Guido Westerwelle in Luxembourg today, after which a spokesperson said the Germany is backing Ireland's call for a reduction in the interest rate payable on the bailout funds.

The Government has sought a 1pc reduction in the interest rate, a call blocked by France which is insisting that Ireland raise its 12.5pc corporation tax rate as a condition to any changes to the bailout terms.

Read More

Promoted articles

Editor's Choice

Also in Irish News