The Minister for European Affairs says she’s believes Ireland will be able to get a reduction in the interest rate on the EU/IMF bailout deal.
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It follows claims over the weekend that Ireland is heading for bankruptcy unless it pulls out of the deal.
In an article in the Irish Times, Economist Morgan Kelly said Ireland’s debt is likely to hit 250 billion euro by 2014.
But European Affairs Minister Lucinda Creighton says Europe has a lot of sympathy for us – and as it stands, we’re meeting our targets.
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