Reply #29: Sarkozy May Stop Ireland From Getting A Rate Cut On Its Bailout For Over A Year

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http://www.businessinsider.com/ireland-interest-rate-2011-4

Ireland has three countries between it and a lower interest rate on its bailout loan, according to the Irish Independent. Ireland needs a unanimous vote to get that rate cut from the EU.

The first two, Finland and Germany, are worried about domestic political issues. The Fins are holding an election on April 17, and should be open to allowing the Irish rate cut thereafter. The recent elections in Germany have hit Chancellor Merkel hard, and it may be sometime before she can allow an Irish rate cut to occur, without seeing strong opposition from her base.

Read more: http://www.businessinsider.com/ireland-interest-rate-2011-4#ixzz1Ipuqvg00