# european-financial-stability-facility - 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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# european-financial-stability-facility - Tuesday 22 January, 2013
The deal has been hailed by finance minister Michael Noonan as having the potential to save Ireland billions of euro.
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# european-financial-stability-facility - Saturday 1 December, 2012
The European Stability Mechanism has been downgraded by Moody’s, following a similar drop for France.
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# european-financial-stability-facility - Wednesday 1 August, 2012
The EU’s permanent bailout fund still has to clear the hurdle of the German Constitutional Court which is expected to issue a ruling in September.
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# european-financial-stability-facility - Monday 23 July, 2012
Der Spiegel says the IMF wants out of Greece as soon as the ESM kicks in in September – and the IMF won’t deny it.
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# european-financial-stability-facility - Friday 20 July, 2012
The assistance – of up to €100 billion – comes with terms and conditions, while banks and the sovereign haven’t been split just yet.
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# european-financial-stability-facility - Wednesday 20 June, 2012
Germany has reportedly relented and will allow the ESM to buy bonds directly, which could save Spain and Italy.
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# european-financial-stability-facility - Saturday 12 May, 2012
On a ‘Yes’ vote: IBEC Director General Danny McCoy says that voting against the fiscal compact could bring dangerous economic instability and uncertainty.
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# european-financial-stability-facility - Monday 23 April, 2012
The Taoiseach tells the German edition of the Financial Times: ‘There’s a widespread belief that the ESM should lend to banks.’
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# european-financial-stability-facility - 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.
# european-financial-stability-facility - 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.
# european-financial-stability-facility - Monday 16 January, 2012
Standard & Poor’s downgrades the European Financial Stability Fund, meaning our future loans will probably cost us more.
# european-financial-stability-facility - Thursday 5 January, 2012
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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# european-financial-stability-facility - Monday 19 December, 2011
The talks are expected to focus on measures to boost the International Monetary Fund’s firepower.
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# european-financial-stability-facility - Wednesday 30 November, 2011
It’s now feared the European Financial Stability Fund does not have sufficient firepower to rescue distressed countries.
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# european-financial-stability-facility - 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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# european-financial-stability-facility - 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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# european-financial-stability-facility - Thursday 17 November, 2011
Micheál Martin has been critical of France and Germany’s role in the eurozone amid reports the region’s two largest economies are split on the role of the European Central Bank.
# european-financial-stability-facility - 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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# european-financial-stability-facility - Monday 24 October, 2011
The Taoiseach has said EU leaders were “focused on fundamentals” for the first time as they met in Brussels.
# european-financial-stability-facility - Saturday 15 October, 2011
Ministers from the world’s 20 major economies invite the IMF to come up with a plan of action for fighting the debt crisis.
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# european-financial-stability-facility - Wednesday 12 October, 2011
Jose Manuel Barroso wants banks to increase capital – saying governments can foot the bill by borrowing from the EFSF.
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However the bill is now set to go to another parliamentary vote later this week where it will likely pass.
# european-financial-stability-facility - Tuesday 11 October, 2011
The hopes of expanding the Eurozone’s bailout mechanism lie in the hands of Slovakia’s parliamentarians who are expected to vote today.
# european-financial-stability-facility - Thursday 29 September, 2011
Only 15 of Angela Merkel’s MPs vote against a bill expanding Germany’s bailout liabilities – meaning she retains her majority.
# european-financial-stability-facility - Monday 26 September, 2011
A ‘firewall’ is needed in order to stop Euro members falling like dominoes, Angela Merkel says – though Greece is sustainable for now.
# european-financial-stability-facility - Wednesday 14 September, 2011
The EC says it’s lowering the interest on its part of Ireland’s bailout loans in line with that of the Eurozone’s portion.
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# european-financial-stability-facility - Saturday 3 September, 2011
Ireland’s about to go €7.5bn further into the red – but the IMF insists that there’s cause for optimism as it approves new loans.
# european-financial-stability-facility - Thursday 4 August, 2011
The President of the European Commission tells us what we already know, as he calls for “full backing” for struggling countries.
# european-financial-stability-facility - Wednesday 27 July, 2011
The new European Stability Mechanism will need will claw back a huge amount of the loans it’s already giving us.
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# european-financial-stability-facility - Thursday 21 July, 2011
RTÉ says a draft agreement being considered in Brussels would slash our interest rate and extend our repayments.
# european-financial-stability-facility - Wednesday 20 July, 2011
Enda Kenny says tomorrow’s EU summit probably won’t reach a deal – but France is promising a “strong message”.
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# european-financial-stability-facility - Tuesday 21 June, 2011
Enda Kenny and Michael Noonan say a change to the way money is paid back will regain the confidence of potential investors in Ireland.
# european-financial-stability-facility - Monday 20 June, 2011
A nutshell guide to how an amendment to the European Stability Mechanism could help Ireland get back on its feet.
# european-financial-stability-facility - Monday 16 May, 2011
Portugal will borrow over 7.5 years at an average interest rate of 5.7 per cent – slightly less than the 5.83 per cent we pay.
# european-financial-stability-facility - Monday 9 May, 2011
There are conflicting reports about the extent to which Greece needs help but the suggestion that Athens would pull out of the euro has been dismissed as a “stupid idea”.
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# european-financial-stability-facility - Wednesday 6 April, 2011
A third Eurozone country admits the need for foreign help after a new bond auction sends interest rates spiralling.
# european-financial-stability-facility - Tuesday 29 March, 2011
New figures from the Financial Regulator show that Ireland’s drawn down €18.4bn of the €67.5bn set aside by the EU-IMF.
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# european-financial-stability-facility - Monday 21 March, 2011
Ahead of crucial European summits, ministers say corporation tax is off the agenda – but that other concessions could be made.
An a.m. shower or two; otherwise, cloudy
Max: 15 °C
Min: 7 °C
Partial sunshine
Max: 15 °C
Min: 8 °C
Clouds and sun with a passing shower
Max: 14 °C
Min: 3 °C
