Kenny to discuss rate cut with EU chief

CUTTING the interest rate on the country’s bail-out loan will be top of the agenda when Taoiseach Enda Kenny meets EU president Herman Van Rompuy in Dublin today.

Mr Kenny is hoping to hear some positive newsfollowing Mr Van Rompuy’s meeting with the French president, Nicolas Sarkozy in Paris earlier this week. They will also discuss the crisis in Greece, being referred to as Europe’s “Lehman moment”.

The French, backed by the Germans, have been demanding that Ireland increase its corporation tax rate in exchange for the interest reduction.