Gilmore upbeat on Ireland's chances of recovery

Tánaiste Eamon Gilmore has said Ireland will be the recovery story of the eurozone and EU.

The Trade Minister made the comments after a meeting with his German counterpart Guido Westerwelle in Berlin.

He said he believed progress would be made in the quest for a cut in the interest rate on the EU/IMF bailout.

"Ireland will recover, Ireland will be the recovery story in the eurozone and the European Union," Mr Gilmore said.

"I think the fact that Ireland is making progress and I think the fact that the Irish Government is seen to be successful, I think that that will produce results."

Germany and France have opposed any cut, with the latter demanding a hike in Ireland's controversially low corporation tax rate in return.