Taoiseach: Corporate rate set in stone

The Taoiseach Enda Kenny has said in an interview with news agency Reuters that he would press for a lower interest rate for Ireland's EU/IMF bailout, but that higher corporate taxes would not be part of any such deal.

During the interview on a visit to New York, the Taoiseach said a deal had already been reached in principle to lower the nearly 6% interest rate and that the details would be hammered out once Portugal finalized details of its pending bailout package.