Irish debt repayments may be extended

Minister for Finance, Michael Noonan, said an extension would improve our chances of returning successfully to the markets at the end of the bailout period.

22nd January, 2013
Michael Noonan

Repayments on more than €40 billion of money borrowed by Ireland from two EU bailout funds may be extended, it has emerged.

By extending the repayment schedules, EU finance ministers would hope to help Ireland to get back into the markets by cutting the amount of funding which the country needs to raise from the markets over the next few years.

**Finance ministers from eurogroup states agreed last night to examine the extension of borrowings...

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