Banking on yet another deal
Since the bailout, Ireland has won several concessions. But the biggest prize remains to be fought over, writes Cliff Taylor.
Like a parent doling out sweets to a child in return for good behaviour, EU finance ministers have signed off on an extension of the time Ireland and Portugal will have to repay loans given as part of their bailouts. Like the deal done on the promissory note, the key advantage for Ireland is in spreading out the time over which we repay our borrowings - in this case, an additional seven years.
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