Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Dublin: 13°C Friday 19 August 2022
Advertisement

Guess who's getting closer to the end of their bailout too?

Portugal received its penultimate tranche in rescue loans today.

ESFS head Klaus Regling gets ready to wave goodbye to Portugal...
ESFS head Klaus Regling gets ready to wave goodbye to Portugal...
Image: AP Photo/Yves Logghe

THE EUROZONE HAS today approved the disbursement of €3.7 billion in rescue loans to Portugal, taking Lisbon’s bailout to its final stage, the EFSF said in a statement.

“After a couple of years of intense adjustment and tremendous efforts by its people, Portugal reaches now the decisive phase towards regaining market access,” said European Financial Stability Facility head Klaus Regling.

“This goal is within reach,” he underlined.

With a final €1.2 billion still to be disbursed, the EFSF said the €78-billion financial assistance programme for Portugal “will have been completed by the middle of 2014″.

The disbursement was approved five days after euro finance ministers announced that Ireland (€85 billion) and Spain (€41 billion) would exit their sovereign and banking bailouts in December and in January respectively, without any credit line.

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

- © AFP, 2013

5 reasons why the government decided to exit and go it alone>
‘This is the right decision for Ireland’: Taoiseach confirms exit without credit line>

About the author:

AFP

Read next:

COMMENTS (44)