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Ireland may get longer to repay loans

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Ireland may get longer to repay the portion of the bailout loans it received from the EU.

Eurozone Finance Ministers meeting in Brussels last night agreed in principle to extend the maturities of the emergency loans extended to Ireland and Portugal, which could ease pressure to return to the bond markets.

The deal will be discussed when Ministers meet again today, and the full details could be finalised by the time they meet again in Dublin next month.

In the past half hour, Taoiseach Enda Kenny said it was good news for Ireland.