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Europe Daily Bulletin No. 10528

11 January 2012
ECONOMY - FINANCE / (ae) economy
Bailout funds - €3 billion for Ireland and Portugal

Brussels, 10/01/2012 (Agence Europe) - On Monday 9 January, the European Commission, which manages the EFSM (European Financial Stabilisation Mechanism), raised €3 billion for 30 years (using its AAA credit rating), half of it for Portugal and half for Ireland. In a press release, the Commission says that the long maturity of the debt means that the two countries can have longer to pay back the cash, which will make the debt more affordable and improve both countries' long-term economic...

Contents

A LOOK BEHIND THE NEWS
ECONOMY - FINANCE
SECTORAL POLICY
SOCIAL AFFAIRS - CULTURE - SPORT
EXTERNAL ACTION
INSTITUTIONAL