Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Enda Kenny will continue to hammer home Ireland's position at EU summit - but he can't expect a decision on bailout interest rate this week PA Images/Julien Behal

Ireland's bailout interest rate won't be cut this week

No decision will be taken until the results of stress tests on the bank are known.

THERE IS NO possibility that Ireland will find out this week whether the interest rate on the IMF/EU bailout will be cut.

The Government will have wait for the results of the bank stress tests to be published before any decision will be taken, according to EU sources speaking to RTE in Brussels.

However, those results won’t emerge until Thursday of next week. It is understood that Taoiseach Enda Kenny will continue to hammer home Ireland’s position on our corporate tax rate and bailout interest rate at the two-day EU leaders’ summit tomorrow and Friday.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
JournalTv
News in 60 seconds