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Debt Reduction Unlikely For Ireland

There’s unlikely to be a debt reduction or easing of terms for Ireland.

Why?

Well, if a debtor is paying you back what he owes you and on time, why make it easier for him?

You only get better terms on a loan if you have leverage e.g. you show can get better terms, elsewhere, or it looks like you might default altogether and that scares your creditor. Hint.

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