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24/06/2013
EFSF To Extend The Maturities Of Its Loans To Ireland
The Board of Directors of the European Financial Stability Facility (EFSF) is to extend the maturities of its loans to Ireland in the context of its assistance programmes.
The average weighted maturity for all loans by the EFSF to Ireland will now be extended by up to seven years.
The EFSF has committed €17.7 billion for Ireland out of a total programme volume of €85 billion.
The EFSF members had already given political support to the improvement of the loan conditions at the informal Eurogroup meeting of 12 April 2013, where these measures were decided in the context of the Cyprus programme.
(CD/JP)
The average weighted maturity for all loans by the EFSF to Ireland will now be extended by up to seven years.
The EFSF has committed €17.7 billion for Ireland out of a total programme volume of €85 billion.
The EFSF members had already given political support to the improvement of the loan conditions at the informal Eurogroup meeting of 12 April 2013, where these measures were decided in the context of the Cyprus programme.
(CD/JP)
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