Brussels, 12/03/2011 (Agence Europe) - After lengthy discussion on Saturday morning 12 March, leaders of the euro area countries refused to grant an immediate cut in interest rates paid by Ireland on European bail out loans. They decided to strengthen the two instruments at their disposal to safeguard financial stability in the euro area and to make a gesture towards Greece, by cutting the rate of interest on European loans to Athens as part of the bail-out plan from 5.2% on average to 4.2%,...