Friday August 14, 2020

EU watch: Noonan says low-cost funding a priority

European Union finance ministers start a two-day meeting in Copenhagen today with the expectation they will reach agreement on a beefed-up rescue fund.

30th March, 2012
2
Noonan: priority is low-cost funding from ECB.

1000: Noonan says Ireland's priority is securing a commitment from the European Central Bank to "provide us with continuing low-cost funding".

Use of the EFSF for the issuance of a bond "in itself would be of little use to Ireland unless we got the commitment to ongoing medium-term low-cost funding from the ECB."

0815: Irish finance minister Michael Noonan has said the maximum firewall achievable at today's meeting is €940 billion. He said €500 billion was...

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