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.
It follows claims over the weekend that Ireland is heading for bankruptcy unless it pulls out of the deal.
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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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