A second financial bailout for Greece was agreed by European leaders at a meeting in Brussels late last night.
The new rescue package is expected to total around 120-million euro – and is due to be agreed in the Autumn.
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The cost of it will be borne by the other 16 countries using the single currency, and won’t involve any financial commitment from non-eurozone countries.
The issue of Ireland’s interest rate was not discussed as part of the agenda, however the Taoiseach did speak with France’s President Sarkozy on the matter.
