Bailout interest reduction 'unlikely' at summit

Ireland is unlikely to get any decision on changes to the interest rate of our bailout loan at this week's European summit, it has been claimed.

Draft documents prepared ahead of the summit taking place tomorrow and on Friday, which have been seen by the Reuters news agency, state that its Ireland's steadfast refusal to move on the issue of our 12.5% corporate tax rate will see a decision put off until June.