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#European Financial Stability Mechanism

# european-financial-stability-mechanism - Monday 24 June, 2013

Debt deals mean we're borrowing €20bn less in next decade - Noonan

The finance minister gives his formal tip-of-the-hat to the news that the two European bailout funds are delaying repayments.

Eurozone bailout fund gives Ireland seven more years to repay loans

Good news for Michael Noonan this morning…

# european-financial-stability-mechanism - Tuesday 5 March, 2013

EU finance ministers confirm deal to delay Ireland's bailout repayments

Ministers have asked the Troika to come up with a proposal on the best options for extending the maturities of Irish loans.

Deal could delay repayment of Ireland's EU bailout loans

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.

# european-financial-stability-mechanism - Tuesday 23 October, 2012

EU issues €3 billion bond to fund Irish and Portuguese bailouts

€1 billion of the funds – which were sold at an interest rate of 2.621 per cent – will be sent to Ireland.

# european-financial-stability-mechanism - Monday 26 September, 2011

Merkel warns against Greek default - but says 'firewall' is needed

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-mechanism - Wednesday 14 September, 2011

European Commission reduces margin on Irish bailout to zero

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.

# european-financial-stability-mechanism - Wednesday 27 July, 2011

Bailed-out Ireland could stump up €11.1 billion… to pay for new bailout fund

The new European Stability Mechanism will need will claw back a huge amount of the loans it’s already giving us.

# european-financial-stability-mechanism - Monday 20 June, 2011

Here's how a new deal on EU bailouts could help Ireland escape a second one

A nutshell guide to how an amendment to the European Stability Mechanism could help Ireland get back on its feet.

# european-financial-stability-mechanism - Monday 16 May, 2011

European finance leaders sign off on Portugal's €78bn bailout

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-mechanism - Wednesday 6 April, 2011

Portuguese finance minister admits: 'We're going to need a bailout'

A third Eurozone country admits the need for foreign help after a new bond auction sends interest rates spiralling.

# european-financial-stability-mechanism - Tuesday 29 March, 2011

Ireland's already taken 27 per cent of its bailout cash

New figures from the Financial Regulator show that Ireland’s drawn down €18.4bn of the €67.5bn set aside by the EU-IMF.

# european-financial-stability-mechanism - Monday 21 March, 2011

Government may accept borrowing limits in return for bailout rate cut

Ahead of crucial European summits, ministers say corporation tax is off the agenda – but that other concessions could be made.

# european-financial-stability-mechanism - Friday 25 February, 2011

FG-Lab not likely to force bond haircuts, says Morgan Stanley

Morgan Stanley sends a note to clients advising them about the financial stakes of Ireland’s general election outcome.

# european-financial-stability-mechanism - Tuesday 25 January, 2011

Europe auctions €5bn in Irish 'bailout bonds'

A second batch of European bonds is being auctioned off today, with an average interest rate half of what we’ll pay.

# european-financial-stability-mechanism - Wednesday 12 January, 2011

Ireland borrows first tranche of bailout funds

€5bn of the potential €67.5bn in foreign aid is drawn down, as Brian Lenihan insists the interest rate won’t be changed.

# european-financial-stability-mechanism - Tuesday 11 January, 2011

Japan to invest billions in Irish bailout bonds

Japan will buy up 20% of the bonds being issued by the European Financial Stability Mechanism, issued to pay for our help,

# european-financial-stability-mechanism - Wednesday 5 January, 2011

EU offloads €5bn in bonds to pay for Irish bailout

The European Financial Stability Mechanism is inundated with offers to buy bonds, at rates only a third of what Ireland will pay.