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"Glimmer of hope as EU tweaks rules on our bailout",leads the Irish Independent, which reports on a slightly more upbeat attitude in the Irish government after recent EU reforms. A so-called firewall, put in place by the EU to protect Ireland and Portugal from the debt crisis in Greece, could convince investors to start lending to Ireland again within two years. Government sources tell the Independent that Ireland and France are stepping up backstage talks over cutting the interest on the country's bailout. And adjustments to the European Stability Mechanism, which will replace the European Financial Stability Fund in 2013, should, according to Finance Minister Michael Noonan, help Ireland get back into the markets. Positive news, says the Dublin daily'seditorial. "There is a long way to go, and doubtless more pain to come. But there is, for once, a recognition that we are doing our best."
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