# efsf - Yesterday’s News
That’s on top of the IMF loans announced earlier today – and these ones will be on the books until 2042.
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# efsf - Saturday 23 March, 2013
The approval of nearly €1 billion in new lending means the IMF has handed over about 89 per cent of the total loan.
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# efsf - Saturday 16 March, 2013
The Department of Finance says the move will make it easier for Ireland to emerge from the bailout programme.
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# efsf - Tuesday 5 March, 2013
Ministers have asked the Troika to come up with a proposal on the best options for extending the maturities of Irish loans.
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The detail of extended loan repayments on the EU portion of Ireland’s bailout is still to be worked out but could save the State significant amounts of money in the coming years.
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# efsf - Saturday 28 July, 2012
Despite promises, no green light has been given to any specific action.
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# efsf - Thursday 26 July, 2012
Economic commentator Anthony Phillips paid a visit to the Department of Finance. This is what happened…
# efsf - Friday 22 June, 2012
Dáil approval was needed this week to correct 17 grammatical mistakes, and typos, in the Irish version of the Treaty.
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# efsf - Wednesday 20 June, 2012
TDs vote by 114 to 22 to have Ireland participate, a move which will require €1.27bn in cash payments before 2014.
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Germany has reportedly relented and will allow the ESM to buy bonds directly, which could save Spain and Italy.
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Nine things to know this morning…
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# efsf - Monday 18 June, 2012
The European Commission flatly denies an RTÉ report saying the Troika are considering extending the schedule for repayments.
# efsf - Wednesday 13 June, 2012
An essential round-up of the details to date of the Spanish bailout, from interest rates to lending conditions.
# efsf - Saturday 9 June, 2012
But will Ireland have to contribute to the bailout?
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# efsf - Tuesday 8 May, 2012
The Central Bank governor also said Irish banks should be recapitalised with EU funds – and without running up our national debt.
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# efsf - Thursday 26 April, 2012
The debate about what would happen if Ireland votes no is based on worst case scenarios. We should focus on real alternatives, write Michael Taft and Tom McDonnell.
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# efsf - Sunday 1 April, 2012
A German newspaper report says the Bundesbank won’t take Irish, Greek or Portuguese bonds from banks any more.
# efsf - Friday 30 March, 2012
From Business ETC EU
The 17 eurozone finance ministers will meet in Copehagen for two days of discussions concerning the size of the bailout fund available to countries.
# efsf - Tuesday 13 March, 2012
The finance minister says it makes sense that countries seeking bailout funds must first apply “sensible budgetary policies”.
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# efsf - Wednesday 29 February, 2012
5 minutes, 5 stories, 5 o’clock.
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# efsf - Tuesday 21 February, 2012
The EFSF issues a new round of 6-month bills – with interest rates significantly lower than at the same time last month.
# efsf - Tuesday 24 January, 2012
The Finance Minister will try to get a better deal on Ireland’s bailout as he holds talks with the European Central Bank president today.
# efsf - Friday 20 January, 2012
Dow Jones/Wall Street Journal team says it has seen a draft of treaty.
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# efsf - Tuesday 17 January, 2012
From Business ETC EFSF
The EFSF sells six-month bills with an average interest rate of 0.2664 per cent – despite being downgraded yesterday.
# efsf - Monday 16 January, 2012
Standard & Poor’s downgrades the European Financial Stability Fund, meaning our future loans will probably cost us more.
# efsf - Friday 13 January, 2012
A French downgrade is bad news for us, too – because Europe’s bailout fund is also likely to be downgraded by S&P.
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# efsf - Tuesday 10 January, 2012
Ireland’s first bailout is performing well, says a spokesman for Olli Rehn – so it’s “not particularly useful” to discuss a second one.
Tony Foley said only borrowing more billions from the EFSF would save Ireland from paying punitive interest rates on financial markets.
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# efsf - Monday 9 January, 2012
Citigroup’s chief economist Willem Buiter says Ireland should have a second funding deal wrapped up before the first one runs out.
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# efsf - Thursday 5 January, 2012
In tonight’s fix: Warnings over mortgage interest relief, Phil Hogan’s website woes, Vita Cortex owner “can’t move money” – and a solution to modern dinner part complaints?
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The European Financial Stability Fund says it issued €3bn in three-year bonds, at a rate over four times cheaper than we’d get.
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# efsf - Tuesday 13 December, 2011
There’s little respite for Greece, though, which is asked to pay a higher yield on an experimental auction of short-term bonds.
# efsf - Wednesday 30 November, 2011
The Taoiseach says the only way to solve Europe’s debt crisis is to tap the European Central Bank’s “infinite capability”.
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# efsf - Tuesday 29 November, 2011
US president Barack Obama has weighed in with a call for EU countries to find a solution to the spiralling debt crisis.
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# efsf - Monday 28 November, 2011
Wolfgang Münchau, associate editor of the Financial Times, believes catastrophe is coming if a deal is not struck by December 9.
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# efsf - Thursday 17 November, 2011
Enda Kenny met with German chancellor Angela Merkel in Berlin yesterday and there was plenty to discuss.
# efsf - Thursday 27 October, 2011
Greek debt will be written down by 50 per cent, with the EU bailout fund boosted to around €1trillion.
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# efsf - Wednesday 26 October, 2011
Leaders agree to recapitalise weak banks by next summer, though it is reported that talks on Greek haircuts have hit a snag.
# efsf - Tuesday 25 October, 2011
Silvio Berlusconi’s coalition is divided on implementing reforms demanded by the EU, leading to the cancellation of some of tomorrow’s summits.
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# efsf - Monday 24 October, 2011
The Taoiseach has said EU leaders were “focused on fundamentals” for the first time as they met in Brussels.
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