Minister of State for Finance Brian Hayes has shown that small and medium-sized Irish businesses must be able to leverage more than € 100 million in funding from the state bank KfW of Germany in mid-year. Sources of Berlin confirmed yesterday that negotiations were at an advanced stage as part of the loan agreed last November, in principle, between Taoiseach Enda Kenny and Chancellor Angela Merkel. “It will be of € 100 million more and I think it will make a big difference,” Hayes said in Berlin yesterday. “I do not want to be too prescriptive on the timeline, but it would be …
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