Friday, July 22, 2011
Britain to cut rate on €3.8bn loan to Ireland
The Irish Times - Saturday, July 23, 2011MARK HENNESSY. London EditorTHE RATE charged on Britain’s €3.8 billion loan to Ireland will be reduced, it was confirmed yesterday, but chancellor of the exchequer George Osborne will make a final decision on how much it is to be cut by once Europe decides how much the European Financial Stability Facility (EFSF) is to charge for its bailout loans.Last night, the treasury said the final details would be settled once the EFSF rate had been struck:
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