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.
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.
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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.
