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Enda Kenny and Lucinda Creighton arriving to the EU summit of Eurozone countries' leaders AP Photo/Virginia Mayo
The Daily PollPoll: Are you happy with the new Eurozone deal?
Ireland is set to save between €600-€800m on its loans – does this go far enough?
THE EUROZONE COUNTRIES sealed a deal last night on terms of a second bailout for Greece. The knock-on effect for Ireland of this deal on funds drawn from the European Financial Stability Fund is that the interest rate we pay on the loan will be lower – and we’ll have more time to pay it back.
Savings for Ireland of anywhere between €600m and €800m have been estimated – and Taoiseach Enda Kenny said that Ireland will also get to keep its low corporation tax rate of 12.5 per cent.
However, Sinn Fein’s Pearse Doherty is saying that we still need to burn the bondholders to save the country. Independent Senator Shane Ross says default is still on the agenda.
What do you think? Do you think the new Eurozone deal goes far enough for Ireland?
Poll Results:
It's a start - but we have to fight for more concessions (427)
No, we're still indebted for generations (385)
Yes, it's as good as we could have hoped for (315)
have your say