Further EU aid ‘will be needed after 2013’

FURTHER EU financial aid will be needed by Ireland after 2013 to help it raise funds, according to NCB Stockbrokers.

A new report entitled “Ireland Moves Forward” says if the EU and the IMF conceded a lower interest rate on the €85bn bailout it would increase the probability of Ireland being able to stand on its own financially by the end of 2014.

On the general economy NCB envisages “a two-tiered recovery will be the order of the day” with exports continuing to grow but domestic demand remaining weak.