Noonan Says Irish Rate Cut May Save State Up to EU10 Billion
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Irish finance minister Michael Noonan a reduction in the country’s bailout loans may generate savings to the state of up to ten billion euros over the period of the loans.
Noonan, speaking to reporters in Wroclaw, Poland today, said that the state expects to save about 800 million to 900 million euros next year as part of the deal.