12 March 2011

EUROZONE: Surprize Early Morning Agreement Reached With Interest Rate Cut For Greece... But Not For Ireland.

NYTIMES/ S. CASTLE
2 Screen Read...Combined/

   Europe's leaders came to an early AM agreement for new measures to calm the eurozone debt crisis.
   Debt plagued Greece will get an interest rate cut and the bailout fund will get larger to 440 billion euros ($608 billion usd)and more flexible.
   But France and Germany, still worked-up over over Ireland's stubborness on aligning corporate tax rates, will not offer it the same interest rate deal as Greece. Ireland’s corporate tax rate of 12.5 % is below the EU's.