Germany / France say no rate cut for Ireland without concessions; Trichet signals rate hike on track for April
Mar 22nd, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Germany and France on Monday in Brussels, called on Ireland for some concessions in return for a reduction in the interest rate on the EU-IMF bailout loans. Meanwhile, also in Brussels, European Central Bank president, Jean Claude Trichet signaled that an interest rate hike in April is on track.