Ireland pays higher rate of interest than Greece on bailout

Ireland pays a substantially higher rate of interest on its bailout than Greece, but economists cast doubt on the country getting any further relief.

Finance Minister Michael Noonan has said that he would support a debt reduction for Greece, currently struggling to meet the troika’s austerity conditions.

Athens has been promised that eurozone finance ministers will look at the issue of the economy’s ability to meet it debt level with a review to giving them further debt breaks.