Possibility Of Lower Interest Rate On Bailout Loans A Step Closer

Possibility of lower interest rate on bailout loans a step closer

The Government has cleared another hurdle to repay our IMF bailout loans early. The move - which would save the taxpayer hundreds of millions of euro - would see us borrowing at lower interest rates and paying off over fifteen billion euro. Finance Minister Michael Noonan has this afternoon secured the support of all other Eurozone Finance Ministers. It'll go before a meeting of all 28 EU Finance Ministers tomorrow. Taoiseach Enda Kenny says it'll save taxpayers money by the end of the year.