Irish bailout exclusive

Ireland has been making plenty of noises about wanting better terms on its EU/IMF bailouts but it was Reuters that got the first confirmation of a key demand, courtesy of a May 12 interview with Dublin’s public expenditure minister. Brendan Howlin told Reuters that Ireland wanted to reschedule debt issued under its EU/IMF rescue package and will not accept less favorable treatment than other bailed out countries in changing the deal. Its wish for a lower interest rate on its emergency loans was already known but this was the first official acknowledgement that it wants longer to pay them back too.(See attached graphic on Irish 10-year borrowing costs going through the roof last year and this)