EU/IMF Interest rates

[redo]

Correct me if I’m wrong, didn’t Lenny say, just last week that the interest rates that were negotiated with the EU/IMF CANNOT be changed. Today, he is hopeful that they are

[redo]

rte.ie/news/2011/0107/lenihan.html
Oh yes they are…Oh no…

Maybe a tactic to out flank Cowen. If “The Boyle” gets wind of this, I’m sure he will twit his mind…

[Nanda_Devi]

More on this here from Bloomberg.

The interest set for Ireland was set some time ago,” Lenihan told reporters before a meeting of euro-area finance ministers in Brussels today. “I’m glad to say we’re beginning a discussion this evening about how those interest rates can be improved.”

bloomberg.com/news/2011-01-1 … ate1-.html
I also caught the end of a news report on 6.1 that said that as well as renegotiating the interest rates, they would also be looking at ‘enhancing’ the Irish deal. I wasn’t paying full attention but it sounded suspiciously like we could be looking for more cash also.

[goldmanberg]

The views of Mr.Peter Sutherland Chairman of Goldman Sachs.

ft.com/cms/s/0/2bd71700-4a87 … z1GCLbT5EI

We should also recognise that it is in the interest of all European States, including the UK, that that national problems within Europe are common concerns not merely because of the immediate risks of contagion but also because continued economic integration is in everyone’s interest.

*Google “The EU must rethink Ireland’s deal” to get around the paywall.