Gilmore: No deadline on new bailout interest rate

Gilmore: No deadline on new bailout interest rate

The Tánaiste Eamon Gilmore has said he is not imposing a deadline on securing a cut in the interest rate on the EU/IMF bailout deal, but insists it will happen.

Eamon Gilmore has held another meeting with ambassadors and charge d'affaires - this time from non-EU countries - to outline that the country is open for business.

The Foreign Affairs Minister said he also outlined the determination of the Government for economic recovery.

Eamon Gilmore said the Government remained determined on issues such as the corporation tax rate, and negotiating a cut on the interest rate that applies to Ireland's bailout funds, currently nearly 6%.

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