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  1. 21st July 2011, 03:58 PM #1
    corelli corelli is offline
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    RTE has sources suggesting Irish rate to be cut to 3.5/4% with twice as long to pay.

    3.5/4% with 15 years pay back. From 5.8% and 7.5 years.

    Just on RTE twitter now. Not confirmed but seems to be gaining traction on the news sites.

    Seems a good deal, if achieved, but I am no expert.
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  3. 21st July 2011, 04:00 PM #2
    DownTheyGo DownTheyGo is offline
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    Great news if true. Lets have it confirmed.
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  4. 21st July 2011, 04:01 PM #3
    David Cochrane David Cochrane is offline
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    According to RTÉ's Tony Connelly it's just on the table at the moment.

    Interest rate reduction to 3.5pc for #Ireland (Portugal, Greece) + bond maturity extended from 7 to 15 years: both on table - #EU source
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  5. 21st July 2011, 04:01 PM #4
    hammer hammer is offline
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    See what happens when you give Enda time.

    Continuous pressure seems to have helped. Lets hope Frenchie doesn`t put the spanner back in the works

    Well done again.
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  6. 21st July 2011, 04:01 PM #5
    Thekinghasnoclothes Thekinghasnoclothes is offline
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    How else can the EU delay us defaulting on them?
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  7. 21st July 2011, 04:02 PM #6
    Social Conscience Social Conscience is offline
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    This can't be the case as FF got the very best possible deal for the country and one which could not be ever improved upon.
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  8. 21st July 2011, 04:02 PM #7
    hammer hammer is offline
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    Is it on exisitng borrowing from troika or new borrowing ?
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  9. 21st July 2011, 04:02 PM #8
    corelli corelli is offline
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    Quote Originally Posted by David Cochrane View Post
    According to RTÉ Tony Connelly it's just on the table at the moment.



    Twitter

    I did not say it was a done deal!

    bryansixone Bryan Dobson
    Source tells RTÉ News the interest rate on Ireland's loans could be revised to between 3.5% and 4% with a repayment deadline of 15 years.
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  10. 21st July 2011, 04:03 PM #9
    hammer hammer is offline
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    The adjustment in Budget 2012 might not be as severe Back to €3.6 billion
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  11. 21st July 2011, 04:03 PM #10
    Thekinghasnoclothes Thekinghasnoclothes is offline
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    I must be all the praying Fianna Fail have been doing
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