http://www.flameport.com/electric/lighting_circuits/lighting_ceiling_rose_looped.cs4?119925563106463
Shows new Euro Wires - Your Red is Brown in the picture
and your Black is Blue.
You need to determine which is the Switched Live coming back from the wall switch - often has a Red or Brown sleeve on it.
Ready made ceiling roses have four terminals to accommodate the switched live connection - you may need to buy a four way terminal box to make the connections safely.
Take care...Good luck...
Peccavi, March 2009