Hogan envisages cheap EIB New Year loans

European Investment Bank loans for Irish farmers, offering money at 3% over ten to 20 years, are expected by January,

The New Year — or sooner if possible — was the starting date envisaged by EU Agriculture and Rural Development Commissioner Phil Hogan during his visit in Ireland last week.

He acknowledged that Ireland has not formally decided to get involved,. “But I presume it will,” said Mr Hogan.